| dc.contributor.author | Viscusi, W. Kip | |
| dc.contributor.author | Huber, Joel | |
| dc.contributor.author | Bell, Jason (Economics researcher) | |
| dc.date.accessioned | 2016-01-27T20:54:18Z | |
| dc.date.available | 2016-01-27T20:54:18Z | |
| dc.date.issued | 2008 | |
| dc.identifier.citation | 37 Journal of Risk and Uncertainty 199 (2008) | en_US |
| dc.identifier.uri | http://hdl.handle.net/1803/7428 | |
| dc.description | Article published in a journal of theoretical and empirical papers that analyze risk-bearing behavior and decision-making under uncertainty. | en_US |
| dc.description.abstract | We estimate rates of time preference using a utility-based choice experiment
administered to a nationally representative sample of 2,914 respondents. For the full
sample, the rate of time preference is very high for immediate benefits and drops off
substantially thereafter, which is inconsistent with exponential discounting but consistent
with hyperbolic discounting. Estimates of the hyperbolic discounting parameter range
from 0.48 to 0.61. Visitors to water bodies have low rates of discount but exhibit
hyperbolic discounting, whereas those who do not visit have consistently high rates of
discount and low valuations of water quality. | en_US |
| dc.format.extent | 1 PDF (47 pages) | en_US |
| dc.format.mimetype | application/pdf | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Journal of Risk and Uncertainty | en_US |
| dc.subject.lcsh | Water quality -- Economic aspects | en_US |
| dc.subject.lcsh | Water quality -- Public opinion | en_US |
| dc.subject.lcsh | Environmental policy -- Public opinion | en_US |
| dc.title | Estimating Discount Rates for Environmental Quality from Utility-Based Choice Experiments | en_US |
| dc.type | Article | en_US |
| dc.publisher.uri | http://www.springer.com/economics/economic+theory/journal/11166 | en_US |
