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Lookup NU author(s): Professor Susan Chilton
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Champ et al. [J. Environ. Management 33, 151-162 (1997)] claim that they have (a) explored the welfare implication of warm glow for Hicksian measures of value for public goods and (b) established that actual donations place a 'theoretical lower bound' on such values. We extend their model to show that warm glow introduces non-neutrality between the value of the good under public and private provision. The resulting ]implication of noninvariance of the benefit measure within benefit-cost analysis is highlighted. We further demonstrate that, in an important area of application, the hypothesis of Champ et al. that donations place a lower bound on Hicksian values may be invalidated.
Author(s): Chilton SM, Hutchinson WG
Publication type: Article
Publication status: Published
Journal: Journal of Environmental Economics and Management
Print publication date: 01/03/1999
ISSN (print): 0095-0696
ISSN (electronic): 1096-0449
Publisher: Academic Press
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