Sugden, Robert (2009) Market simulation and the provision of public goods: a non-paternalistic response to anomalies in environmental evaluation. Journal of Environmental Economics and Management, 57 (1). pp. 87-103.

Full text not available from this repository.

Abstract

Most normative economics assumes that individuals have coherent preferences. This paper responds to growing evidence of failures of this assumption, particularly in the context of stated-preference methods widely used in environmental policy analysis. It proposes a non-paternalistic concept of consumer sovereignty that does not assume preference coherence, is satisfied by competitive markets, and can be applied to the provision of public goods. A key implication is that decisions should reflect valuations revealed ‘at the point of consumption’. Such valuations, which can be inferred from hedonic prices, may be less susceptible to willingness-to-accept (WTA)/willingness-to-pay (WTP) disparities than those elicited by stated-preference methods.

Item Type:	Article
Uncontrolled Keywords:	market simulation,public goods,paternalism,environmental evaluation
Faculty \ School:	Faculty of Social Sciences > School of Economics
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Economic Theory Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences Faculty of Social Sciences > Research Centres > Centre for Competition Policy Faculty of Social Sciences > Research Groups > Behavioural Economics
Depositing User:	Gina Neff
Date Deposited:	13 Jan 2011 11:09
Last Modified:	16 Jun 2026 12:42
URI:	https://uea-test-2026.eprints-hosting.org/id/eprint/18414
DOI:	10.1016/j.jeem.2008.09.001

Actions (login required)

View Item