Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values

Posted: 16 Jan 2001

See all articles by Karine Nyborg

Karine Nyborg

University of Oslo - Department of Economics; IZA Institute of Labor Economics

Abstract

In addition to his role as a consumer pursuing his own interests, an individual may also regard himself as an ethical observer or citizen, judging matters from society's point of view. However, an individual's personal preferences do not necessarily coincide with his social preferences. This paper presents a formal model in which individuals are assumed to have two distinct preference orderings: Personal well-being functions are applied in contexts where the individual regards himself as a consumer, while subjective social welfare functions are used when the citizen role is perceived as most relevant. The paper discusses the implications for environmental valuation if some respondents take on a citizen role when reporting their willingness to pay.

Keywords: environmental valuation, social welfare judgments, multiple preference orderings

JEL Classification: D11, D61, H41, Q21

Suggested Citation

Nyborg, Karine, Homo Economicus and Homo Politicus: Interpretation and Aggregation of Environmental Values. Available at SSRN: https://ssrn.com/abstract=251375

Karine Nyborg (Contact Author)

University of Oslo - Department of Economics ( email )

P.O.Box 1095 Blindern
Oslo, N-0317
Norway

HOME PAGE: http://folk.uio.no/karineny/

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
1,337
PlumX Metrics