The speaker presents a framework to study environmental policy in which policy influences the determination of preferences and values. It emphasizes the two-way relationship between political outcomes and changes in values and preferences.
Thus policy choice affects behavior by not only by changing incentives but also by changing culture. This gives a new role to non-majoritarian political institutions in preserving values.
Professor of Economics, Aalto University, Helsinki
Managing editor of the Journal of the European Economic Association (JEEA)