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

Dietz, Simon and Atkinson, Giles (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
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HB Economic Theory
Journal of Economic Literature Classification System: 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
Sets: Collections > Economists Online
Research centres and groups > Grantham Research Institute on Climate Change and the Environment
Departments > Geography and Environment
Identification Number: UT ISI:000279413500003
Date Deposited: 12 Aug 2010 16:24

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