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• W2108286780 abstract "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." @default.
• W2108286780 created "2016-06-24" @default.
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• W2108286780 date "1992-03-01" @default.
• W2108286780 modified "2023-10-17" @default.
• W2108286780 title "The Price Elasticity of Mass Preferences" @default.
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• W2108286780 doi "https://doi.org/10.2307/1964020" @default.
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