テクニカルレポート

ディスカッション／ワーキング・ペーパー

text

Institute of Social and Economic Research Discussion Papers. 2017, 1012, p. 1-32

Time discounting, ambiguity aversion, and preferences for future environmental policies : Evidence from discrete choice experiments

The Institute of Social and Economic Research, Osaka University

英語

text

2017-09

http://www.iser.osaka-u.ac.jp/library/dp/2017/DP1012.pdf

Designing efficient environmental policies requires knowledge about households’ preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate pro-environmental policies depending on their individual attributes. The discount rates for environmental outcomes are estimated by using a discrete choice experiment. We show that participants’ discount rates in environmental policy choices are on average negative and future-biased. Those who are more ambiguity-averse and patient for money concerns, and anticipate more rapid increases in future temperatures are more willing to incur present-day tax burdens to ensure future environmental improvements. These results are highly robust against alternative estimation models and stable when using the follow-up survey data obtained 21 months later.

67803

Time discounting, ambiguity aversion, and preferences for future environmental policies : Evidence from discrete choice experiments

The Institute of Social and Economic Research, Osaka University

英語

2017-09

Institute of Social and Economic Research Discussion Papers

1012

1

32

https://hdl.handle.net/11094/67803

http://www.iser.osaka-u.ac.jp/library/dp/2017/DP1012.pdf