Individual option prices for climate change mitigation

• 成果类型: Article
• 署名作者: Cameron, TA
• 署名单位: University of Oregon
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/j.jpubeco.2004.01.005
• 发表日期: 2005
• 页码: 283-301
• 关键词: option prices; climate change; stated preferences; contingent valuation; state-dependent preferences

摘要

Willingness-to-pay for climate change mitigation depends on people's perceptions about just how bad things will get if nothing is done. Individual subjective distributions for future climate conditions are combined with stated choices over alternative climate policies to estimate individual option prices (the appropriate ex ante welfare measure in the face of uncertainty) for climate change mitigation. We find statistically significant sensitivity of estimated option prices to both expected future conditions and uncertainty about future conditions. (C) 2004 Elsevier B.V. All rights reserved.