“I don’t want to be selling my soul”: Two experiments in environmental economics

We conducted two experiments in the context of environmental protection. We found that profit considerations and personality traits are among the essential determinants of individual contributions to the solution of environmental problems. The results show that environmental considerations are power...

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Bibliographic Details
Published in:The Journal of socio-economics 2009-03, Vol.38 (2), p.221-229
Main Authors: Ovchinnikova, Natalia V., Czap, Hans J., Lynne, Gary D., Larimer, Christopher W.
Format: Article
Language:English
Subjects:
Carbon offsets
Economic Factors
Environmental economics
Environmental experiment
Environmental impact
Environmental Protection
Environmentalism
Metaeconomics
Metaeconomics Environmental experiment Self-interest Other-interest Carbon offsets
Other-interest
Personality
Personality Traits
Profit Motive
Profits
Self-interest
Studies
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Summary:We conducted two experiments in the context of environmental protection. We found that profit considerations and personality traits are among the essential determinants of individual contributions to the solution of environmental problems. The results show that environmental considerations are powerful motivators and subjects are willing to forgo pecuniary profits for the sake of “doing-the-right-thing”. The study shows that the environmental groups can purchase carbon offsets directly from the providers at a lower-than market price and still obtain a relatively large market share.
ISSN:1053-5357
2214-8043
1879-1239
2214-8051
DOI:10.1016/j.socec.2008.10.010