Do we care about sustainability? An analysis of time sensitivity of social preferences under environmental time persistent effects

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dc.contributor.author Faccioli, Michaela
dc.contributor.author Hanley, Nick
dc.contributor.author Torres Figuerola, Catalina Maria
dc.contributor.author Riera Font, Antoni
dc.date.accessioned 2018-10-26T16:52:11Z
dc.identifier.uri http://hdl.handle.net/11201/148304
dc.description.abstract Environmental cost-benefit analysis has traditionally assumed that the value of benefits is sensitive to their timing and that outcomes are valued higher, the sooner in time they occur following implementation of a project or policy. Though, this assumption might have important implications especially for the social desirability of interventions aiming at counteracting time-persistent environmental problems, whose impacts occur in the long- and very long-term, respectively involving the present and future generations. This study analyzes the time sensitivity of social preferences for preservation policies of adaptation to climate change stresses. Results show that stated preferences are time insensitive, due to sustainability issues: individuals show insignificant differences in benefits they can experience within their own lifetimes compared to those which occur in the longer term, and which will instead be enjoyed by future generations. Whilst these results may be specific to the experimental design employed here, they do raise interesting questions regarding choices over time-persistent environmental problems, particularly in terms of the desirability of interventions which produce longer-term benefits. © 2016 Elsevier Ltd. All rights reserved.
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dc.relation.isformatof Versió postprint del document publicat a: https://doi.org/10.1016/j.jenvman.2016.03.039
dc.relation.ispartof Journal of Environmental Management, 2016, num. 177, p. 356-364
dc.subject.classification 334 - Formes d'organització i cooperació en l'economia
dc.subject.classification 338 - Situació econòmica. Política econòmica. Gestió, control i planificació de l'economia. Producció. Serveis. Turisme. Preus
dc.subject.classification Medi ambient
dc.subject.other 334 - Forms of organization and cooperation in the economy
dc.subject.other 338 - Economic situation. Economic policy. Management of the economy. Economic planning. Production. Services. Prices
dc.subject.other Environment
dc.title Do we care about sustainability? An analysis of time sensitivity of social preferences under environmental time persistent effects
dc.type info:eu-repo/semantics/article
dc.type info:eu-repo/semantics/acceptedVersion
dc.date.updated 2018-10-26T16:52:11Z
dc.date.embargoEndDate info:eu-repo/date/embargoEnd/2075-01-01
dc.embargo 2075-01-01
dc.subject.keywords Economic valuation
dc.subject.keywords Preference analysis
dc.subject.keywords sustainability
dc.subject.keywords Choice experiment
dc.rights.accessRights info:eu-repo/semantics/embargoedAccess
dc.identifier.doi https://doi.org/10.1016/j.jenvman.2016.03.039


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