Title of article :
Household willingness to pay equals individual willingness to pay if and only if the household income pools
Author/Authors :
Alistair Munro، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2005
Abstract :
I show household and individual willingness to pay are equal if and only if household choices satisfy income pooling, providing a test of whether the individual respondent speaks for the household—an assumption implicit in much stated preference practice.
Keywords :
Contingent valuation , Income pooling , Stated preference
Journal title :
Economics Letters
Journal title :
Economics Letters