Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/117994
Authors: 
Nunes, Paulo A.L.D.
Onofri, Laura
Year of Publication: 
2004
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 113.2004
Abstract: 
The paper focuses on the ongoing debate on non-market valuation, including the valuation environmental goods, and the opportunity to use contingent valuation for policy guidance. In fact, contingent valuation critics argue that reported willingness to pay answers do not reflect real economic preferences and, for this reason, should not be used in cost-benefit analysis The attempt to contravene such critique finds many supporters. This paper starts from the latter stream of research and adds two original contributions. First, it sheds light on the individual warm glow motivational profile, exploring the empirical relationship between individual's socio-economic characteristics and warm glow. Second, it discusses some implications of the presence of warm glow for public policy.
Subjects: 
Economic value
Contingent valuation
Willingness to pay
Latent factor
Consumer motivations
Warm glow
Ego driven warm glow
Social oriented warm glow
Public policy design
JEL: 
D11
D12
Q26
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.