We examine the structure of preferences for mitigating impacts of global climate change that will not occur during the lifetimes of most who are alive today. Because no market data exist for such distant markets, a statedpreference approach is used. The analysis is based on the random-parameters logit model, and the results indicate substantial heterogeneity in respondent preferences, that mean willingness to pay is a significant and increasing function of the scope of the impact, and, provocatively, that respondents have the same preferences over the two very different time horizons that we consider.
No takes yet. Share an insight, caveat, or question.
Layton et al. (2000) studied this question.
Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context: