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The equity-efficiency trade-off in environmental policy: evidence from stated preferences

Dietz, Simon ORCID: 0000-0001-5002-018X and Atkinson, Giles ORCID: 0000-0001-6736-3074 (2010) The equity-efficiency trade-off in environmental policy: evidence from stated preferences. Land Economics, 86 (3). 423 -443. ISSN 0023-7639

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The design of environmental policy raises several equity issues, in particular the distribution of benefits and costs. At the same time, it has often been argued that there is a trade-off in environmental policy between equity and efficiency, which brings these issues firmly to the attention of environmental economics. In this paper we use a simple choice experiment to elicit individual preferences over equity-efficiency trade-offs in the context of two environmental problems, local air pollution and global climate change. We find that equity matters to people as much as efficiency does in the design and delivery of environmental policy.

Item Type: Article
Official URL:
Additional Information: © 2010 The Board of Regents of the University of Wisconsin System
Divisions: Grantham Research Institute
Geography & Environment
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HB Economic Theory
JEL classification: Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q5 - Environmental Economics > Q52 - Pollution Control Costs; Distributional Effects; Employment Effects
D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Date Deposited: 12 Aug 2010 16:24
Last Modified: 03 Jun 2024 21:09

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