- Elgar original reference
Edited by John A. List and Michael K. Price
Chapter 15: Incentive compatible mechanisms for providing environmental public goods
Determining the appropriate level of pollution reduction, open space to provide, or what policies to implement to protect an endangered species (or even whether to list a given species as endangered) requires information about the benefits from these environmental policy changes. In addition to quantifying the potential effects of these policies on such things as property values and human health, it is often necessary for economists to know how changes in environmental public policies or goods make consumers better (or worse) off as a result of the fact that consumers value these goods or programs in their own right. Economists require information about the demand for environmental public goods in order to make appropriate assessments of the costs and benefits of alternative environmental policy programs. The experimental economics literature contains numerous approaches to the problem of determining the demand for a public good. Ledyard (1995) summarizes these results. Public goods experiments in which players are asked to make a contribution to a group good typically result in high levels of contribution in early rounds of decision-making and deteriorate to zero contribution relatively quickly.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.