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
This paper examines various methods proposed in the literature to calibrate welfare measures, especi...
The results in this paper are relevant for the application of valuation studies in cost-benefit anal...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
Hicksian welfare theory is static in nature, but many decisions are made in a dynamic environment. W...
The gap between the willingness to accept and willingness to pay is the outcome of incomplete valuat...
"Willingness to pay" (WTP) and "willingness to accept" (WTA) measures of welfare change typically di...
"Willingness to pay" (WTP) and "willingness to accept" (WTA) measures of welfare change have been fo...
Do people value commodities more when they own the commodities than when they do not? Although econo...
This Article presents, organizes, and critiques the modem evidence on the basic independence assumpt...
Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
Gwendolyn C. Morrison (1997) raises a logical point regarding our experimental test of the divergenc...
We show that the Hicksian welfare measures of compensating variation and equivalent variation coinci...
This paper examines the three major explanations for the disparity between willingness-to-pay (WTP) ...
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation deman...
This paper examines various methods proposed in the literature to calibrate welfare measures, especi...
The results in this paper are relevant for the application of valuation studies in cost-benefit anal...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
Hicksian welfare theory is static in nature, but many decisions are made in a dynamic environment. W...
The gap between the willingness to accept and willingness to pay is the outcome of incomplete valuat...
"Willingness to pay" (WTP) and "willingness to accept" (WTA) measures of welfare change typically di...
"Willingness to pay" (WTP) and "willingness to accept" (WTA) measures of welfare change have been fo...
Do people value commodities more when they own the commodities than when they do not? Although econo...
This Article presents, organizes, and critiques the modem evidence on the basic independence assumpt...
Failure of integrability is shown to cause path-dependence of willingness-to-pay measures of welfare...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
Gwendolyn C. Morrison (1997) raises a logical point regarding our experimental test of the divergenc...
We show that the Hicksian welfare measures of compensating variation and equivalent variation coinci...
This paper examines the three major explanations for the disparity between willingness-to-pay (WTP) ...
The disparity between willingness-to-pay and willingness-to-accept, also known as compensation deman...
This paper examines various methods proposed in the literature to calibrate welfare measures, especi...
The results in this paper are relevant for the application of valuation studies in cost-benefit anal...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
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