Title of article
An exact relation between willingness to pay and willingness to accept
Author/Authors
Thomas A. Weber، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2003
Pages
5
From page
311
To page
315
Abstract
I present a simple and precise relationship between the willingness-to-pay and the willingness-to-accept, or equivalently between the compensating and equivalent variations following an exogenous welfare change. One can be computed given the other as a function of income.
Keywords
Welfare change , Compensating variation , Equivalent variation
Journal title
Economics Letters
Serial Year
2003
Journal title
Economics Letters
Record number
435242
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