The Price Elasticity of Mass Preferences
Bibliographic Data
| ID | 3315208 |
|---|---|
| Authors | Donald P Green (0000-0002-8850-438X, Yale University, corresponding author) |
| Year | 1992 |
| Volume | 86 |
| Issue | 1 |
| Pages | 128-148 |
| Publication date | 1992-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Political Science Review (JOURNAL) |
| Journal identifiers | ISSN: 0003-0554 • E-ISSN: 1537-5943 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.2307/1964020 |
| OpenAlex | W2108286780 |
| Language | EN |
| Citations received | 23 |
| References cited | 44 |
I compare the price elasticity of economic and political preferences. My central hypothesis is that willingness to pay, whether expressed verbally or through cash transactions, is more price-elastic for economic consumption goods than for public goods. I find that increases in price greatly diminish the proportion of people willing to pay for consumer goods, such as housing or hardback books; whereas the proportion willing to pay more in taxes to support a public good, such as environmental protection or shelter for the homeless, is much less responsive to changes in price. I conclude by discussing the theoretical and political implications of willingness to pay for public and private goods
Cash · Consumption (sociology · Economics · Microeconomics · Politics · Price elasticity of demand · Private good · Public economics · Public good · Willingness to pay · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Experimental Behavioral Economics Studies · Finance
Cambridge Handbook of Experimental Political Science
Determinants of stated willingness to pay for public goods
What drives the Pioneers? Applying lifestyle theory to early electric vehicle buyers in Canada
Electric vehicles for climate, a green economy, or independence? Comparing policy discourse in newspapers across three Canadian provinces
Do Citizens Want Something for Nothing? Mass Attitudes and the Federal Budget
Policy Analysis as Discourse
The impact of self-interest on attitudes--a symbolic politics perspective on differences between survey and experimental findings
Ideology–Driven opinion formation in Europe
Self-Interest, Symbolic Values, and the Financial Equalization of the Public Schools
How the Scope and Method of Public Funding Affect Willingness to Pay for Public Goods
Ratio Bias and Policy Preferences
Anticipating Uncertainty
The National Progressive Party of Canada, 1921–1930
Economic Conditions and the Vote
Access to party positions and preference formation
The Limited Local Impacts of Ethnic and Racial Diversity
Political participation and the accessibility of the ballot box
The Civic Shaping of Technology
Interpersonal influence within car buyers' social networks
Myopic Voters and Natural Disaster Policy
How Much is One American Worth? How Competition Affects Trade Preferences
The Growth and Development of Experimental Research in Political Science
Risk Exposure, Humanitarianism and Willingness to Pay for Universal Healthcare
Valuing environmental goods
The tax revolt
The symbolic uses of politics
Injury to Insult
Valuing public goods
Willingness to Pay and Compensation Demanded
Estimating demand for public goods
The Case for a Multiple-Utility Conception
OLS versus ML estimation of non-market resource values with payment card interval data
A new paradigm for valuing non-market goods using referendum data
The Economic Approach to Human Behavior
The Pure Theory of Public Expenditure
Injury to Insult
Pricing, Principles and Practices
Cognitive links between economic grievances and political responses
Political System Support and Public Response to the Energy Crisis
Sources of Public Opinion on Taxes
Unemployment, Class Consciousness, and Radical Politics
Self-Interest versus Racial Attitudes as Correlates of Anti-Busing Attitudes in Louisville
Self-Interest and Public Opinion Toward Smoking Restrictions and Cigarette Taxes
Myth and Reality
Gender Differences in Policy Preferences
How Much to Abate Pollution
Self-Interest and Civilians' Attitudes Toward the Vietnam War
Self-Interest in Political Life
Inducing Apparently Self-Interested Political Preferences
Increasing compliance by legitimizing paltry contributions
Mimicking Political Debate with Survey Questions
Whites' Beliefs about Blacks' Opportunity
"Whites' Opposition to "Busing
Self-Interest vs. Symbolic Politics in Policy Attitudes and Presidential Voting
Increasing Contributions in Solicitation Campaigns
Effect of Product-Line Pricing Characteristics on Product Evaluations
| Unique citing works | 23 |
|---|---|
| Citations per year | 0,7 |
| Citation span | 1993 - 2023 (31) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 23 |