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Environment

Willingness to pay for the environment

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Willingness to pay for the environment. Stina Hökby and Tore Söderqvist measure willingness to pay for a wide range of environmental improvements - from licences to hunt moose, to preserving virgin forests, to preventing the extinction of the white backed woodpecker. They find that willingness to pay is strongly correlated to income - indicating both that environmental improvements can sometimes be classed as a luxury and that such improvements have the most beneficial effect on those on low incomes.

 

By Beijer International Institute of Environmental Economics, Sweden.

Environment Policy Resource.