Sustainable use of renewable resources: an identity approach |
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Authors: | Isabel Almudi Julio Sánchez Chóliz |
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Institution: | 1.Departamento de Análisis Económico, Facultad de Economía y Empresa,Universidad de Zaragoza,Zaragoza,Spain |
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Abstract: | Despite the achievements obtained by environmental economics over recent decades, it shares the same failings as economic
theory in general. In this sense, regarding preferences, very little attention has been paid to three elements; the long-term
change in social preferences, the incorporation of non-economic factors in the structure of preferences, and the need to consider
some kind of heterogeneity in social preferences. In this paper we deal with these three issues by developing a new framework
which encloses non-economic factors as one of the driving forces to explain consumer behavior and which allows us to endogeneize
preference and consider heterogeneity. After setting up our approach, we pose the question as to how far such a framework
modifies the levels of use and consumption of a renewable resource. Our findings have enabled us to draw interesting conclusions
regarding environmental policies in place since the 1970s. |
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