scholarly journals The Role of Cultural Worldviews in Willingness to Pay for Environmental Policy

2022 ◽  
Author(s):  
Paul R. Hindsley ◽  
O. Ashton Morgan
Keyword(s):  
Environmental Policy ◽  
Willingness To Pay ◽  
Cultural Worldviews

scholarly journals Assessing social preferences in reimbursement negotiations for new Pharmaceuticals in Oncology: an experimental design to analyse willingness to pay and willingness to accept

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Dominik J. Wettstein ◽  
Stefan Boes
Keyword(s):  
Willingness To Pay ◽  
Real World ◽  
Cognitive Biases ◽  
Social Preferences ◽  
Standard Of Care ◽  
Added Value ◽  
Amazon Mechanical Turk ◽  
Patient Organisation ◽  
Patient Benefit

Abstract Background Price negotiations for specialty pharmaceuticals take place in a complex market setting. The determination of the added value of new treatments and the related societal willingness to pay are of increasing importance in policy reform debates. From a behavioural economics perspective, potential cognitive biases and other-regarding concerns affecting outcomes of reimbursement negotiations are of interest. An experimental setting to investigate social preferences in reimbursement negotiations for novel, oncology pharmaceuticals was used. Of interest were differences in social preferences caused by incremental changes of the patient outcome. Methods An online experiment was conducted in two separate runs (n = 202, n = 404) on the Amazon Mechanical Turk (MTurk) platform. Populations were split into two (run one) and four (run two) equally sized treatment groups for hypothetical reimbursement decisions. Participants were randomly assigned to the role of a public price regulator for pharmaceuticals (buyer) or a representative of a pharmaceutical company (seller). In run two, role groups were further split into two different price magnitude framings (“real world” vs unconverted “real payoff” prices). Decisions had real monetary effects on other participants (in the role of premium payers or investors) and via charitable donations to a patient organisation (patient benefit). Results 56 (run one) and 59 (run two) percent of participants stated strictly monotone preferences for incremental patient benefit. The mean incremental cost-effectiveness ratio (ICER) against standard of care (SoC) was higher than the initial ICER of the SoC against no care. Regulators stated lower reservation prices in the “real world” prices group compared to their colleagues in the unconverted payoff group. No price group showed any reluctance to trade. Overall, regulators rated the relevance of the patient for their decision higher and the relevance of their own role lower compared to sellers. Conclusions The price magnitude of current oncology treatments affects stated preferences for incremental survival, and assigned responsibilities lead to different opinions on the relevance of affected stakeholders. The design is useful to further assess effects of reimbursement negotiations on societal outcomes like affordability (cost) or availability (access) of new pharmaceuticals and test behavioural policy interventions.

Economic valuation and the commodification of ecosystem services

2011 ◽  
Vol 35 (5) ◽  
pp. 613-628 ◽  
Author(s):  
Erik Gómez-Baggethun ◽  
Manuel Ruiz-Pérez
Keyword(s):  
Ecosystem Services ◽  
Environmental Policy ◽  
Biodiversity Conservation ◽  
Economic Valuation ◽  
Short Term ◽  
Valuation Of Ecosystem Services ◽  
Equity Of Access ◽  
The Way

In the last decade a growing number of environmental scientists have advocated economic valuation of ecosystem services as a pragmatic short-term strategy to communicate the value of biodiversity in a language that reflects dominant political and economic views. This paper revisits the controversy on economic valuation of ecosystem services in the light of two aspects that are often neglected in ongoing debates. First, the role of the particular institutional setup in which environmental policy and governance is currently embedded in shaping valuation outcomes. Second, the broader economic and sociopolitical processes that have governed the expansion of pricing into previously non-marketed areas of the environment. Our analysis suggests that within the institutional setup and broader sociopolitical processes that have become prominent since the late 1980s economic valuation is likely to pave the way for the commodification of ecosystem services with potentially counterproductive effects in the long term for biodiversity conservation and equity of access to ecosystem services benefits.

Consumption and its Externalities: Where Economy Meets Ecology

2001 ◽  
Vol 1 (3) ◽  
pp. 11-30 ◽  
Author(s):  
Thomas Princen
Keyword(s):  
At Risk ◽  
Environmental Policy ◽  
Economic Activity ◽  
Policy Making ◽  
Black Box ◽  
Social Scientists ◽  
Consumer Sovereignty ◽  
Marginal Improvement

If social scientists are going to make a contribution to environmental policy-making that is commensurate with the severity of biophysical trends, they must develop analytic tools that go beyond marginal improvement and a production focus where key actors escape responsibility via distanced commerce and the black box of consumer sovereignty. One means is to construct an ecologically informed “consumption angle” on economic activity. The first approach is to retain the prevailing supply-demand dichotomy and address the externalities of consumption and the role of power in consuming. The second approach is to construe all economic activity as “consuming,” as “using up.” This approach construes material provisioning in the context of hunter/gathering, cultivation, and manufacture and then develops three interpretive layers of excess consumption: background consumption, overconsumption, and misconsumption. An example from timbering illustrates how, by going up and down the decision chain, the consumption angle generates questions about what is consumed and what is put at risk. Explicit assignment of responsibility for excess throughput becomes more likely.

scholarly journals Climate Change and Aerosol Sciences

2021 ◽  
pp. 1-13
Author(s):  
Kehan Li
Keyword(s):  
Climate Change ◽  
Global Warming ◽  
Particulate Matter ◽  
Environmental Policy ◽  
Solar Radiation ◽  
Greenhouse Gases ◽  
Atmospheric Aerosols ◽  
Environmental Policies ◽  
Modern Times

Climate change is of great importance in modern times and global warming is considered as a significant part of climate change. It is proved that human’s emissions such as greenhouse gases are one of the main sources of global warming (IPCC, 2018). Apart from greenhouse gases, there is another kind of matter being released in quantity via emissions from industries and transportations and playing an important role in global warming, which is aerosol. However, atmospheric aerosols have the net effect of cooling towards global warming. In this paper, climate change with respect to global warming is briefly introduced and the role of aerosols in the atmosphere is emphasized. Besides, properties of aerosols including dynamics and thermodynamics of aerosols as well as interactions with solar radiation are concluded. In the end, environmental policies and solutions are discussed. Keywords: Climate change, Global warming, Atmospheric aerosols, Particulate matter, Radiation, Environmental policy.

scholarly journals Impact of circular economy as the EU’s ambitious policy

2019 ◽  
Vol 11 (2) ◽  
pp. 79-96
Author(s):  
Urška Fric
Keyword(s):  
Political Economy ◽  
Environmental Policy ◽  
Circular Economy ◽  
Best Practice ◽  
Action Plan ◽  
Legal Framework ◽  
New Approach ◽  
Social Actors ◽  
The Impact

Abstract The article describes the role of legislative and legal framework which brought about a new approach to waste management through the concept of circular economy, and its drivers. We explicitly focus on the impact of ambitious EU environmental policy and its financial support from the European Commission (EC) which helped social actors recognize not only the ecological, but also the economic and social benefits of the circular economy. Over 50 actions under the “Circular Economy Action Plan” launched in 2015 have been delivered or are being implemented in this period in European Union (EU). Through overview of the EU’s ambitious policy, best practice of the circular economy in the world and status quo in circular economy at EU level we also show the circular economy is nowadays a crucial megatrend and there is still needed to increase up action at EU level, provide the competitive advantage it brings to EU economy and close the loop. Beside impact of ambitious EU environmental policy article focuses on the Cultural Political Economy (CPE) approach as a political economy approach with the purpose for explaining the role of legislative and legal framework as a mechanism for selection and retention of the paradigm of circular economy.

scholarly journals The Political Economy of Energy Innovation

2017 ◽  
Author(s):  
Shouro Dasgupta ◽  
Enrica De Cian ◽  
Elena Verdolini
Keyword(s):  
Political Economy ◽  
Environmental Policy ◽  
Good Governance ◽  
Political Orientation ◽  
Left Wing ◽  
Distribution Of Resources ◽  
General Improvement ◽  
Energy Innovation ◽  
Energy Intensive Industries

This chapter empirically investigates the effects political economy factors on energy innovation in a sample of 20 countries between 1995 and 2010. We use various proxies for energy innovation and focus on the role of environmental policy, good governance, political orientation, and the distribution of resources to energy intensive industries. We show that political economy factors affect the incentives to engage in energy-related innovation even in the presence of stringent environmental policy. Specifically, good governance and left-wing governments provide incentives for greater R&D resources to the energy sector, while a larger distribution of resources toward energy intensive sectors can induce market-size effects and lobby for larger energy R&D allocation. This implies that, in order to move towards a greener economy, countries should combine environmental policy with a general improvement of institutions, consider the influence of government’s political orientation on environmental policies and the size of energy-intensive sectors.

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