Could the environment be a normal good for you and an inferior good for me? A theory of context-dependent substitutability and needs L'environnement pourrait-il être un bien normal pour vous et un bien inférieur pour moi ? Une théorie de la substituabilité dépendante du contexte et des besoins
Fiche du document
- handle: 10670/1.l93zti
- hal: hal-03693920
- doi: 10.1016/j.reseneeco.2022.101316
- WOS: 000830303000009
Ce document est lié à :
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.reseneeco.2022.101316
http://creativecommons.org/licenses/by/ , info:eu-repo/semantics/OpenAccess
Mots-clés
Environment Public goods Context-dependant substituability Need Willingness to Pay Inferior good D - Microeconomics/D.D1 - Household Behavior and Family Economics/D.D1.D11 - Consumer Economics: Theory H - Public Economics/H.H4 - Publicly Provided Goods/H.H4.H41 - Public Goods Q - Agricultural and Natural Resource Economics • Environmental and Ecological Economics/Q.Q5 - Environmental Economics/Q.Q5.Q50 - GeneralSujets proches
Nurture and nature Nature versus nurture Genetics and environment Nature--Nurture Environment Heredity and environment Environment Ecological science Environmental biology Bionomics Ecological sciences Environment Balance of nature Oecology Biology--Ecology Ecological processes EnvironmentCiter ce document
Marion Dupoux et al., « L'environnement pourrait-il être un bien normal pour vous et un bien inférieur pour moi ? Une théorie de la substituabilité dépendante du contexte et des besoins », HAL-SHS : économie et finance, ID : 10.1016/j.reseneeco.2022.101316
Métriques
Partage / Export
Résumé
Theoretical models often assume the environment to be a normal good, irrespective of one’s income. However, a priori, nothing prohibits an environmental good from being normal for some individuals and inferior for others. We develop a conceptual framework in which private consumption and an environmental public good act as substitutes or complements for satisfying different needs. Subsequently, the environment can switch between normal and inferior depending on one’s income and environment and corresponding prevalent needs. If the environment is inferior for some range of income, then the willingness to pay for environmental preservation becomes non-monotonic with respect to income. We discuss the relevance of our framework in the context of (income-adjusted) unit benefit transfers, dual-rate discounting and the Environmental Kuznets curve.