Individual and household willingness to pay for public goods


Autoria(s): Quiggin, J
Data(s)

01/01/1998

Resumo

The issue of whether willingness to pay (WTP) for the benefits generated by a public good should be elicited on an individual or on a household basis is addressed. Differences between individual and household WTP may arise when members of the household are mutually altruistic. It is shown that, for general specifications of altruism, household WTP is less than the sum of household members' individual WTP. Implications for the choice between household and individual measures of WTP are considered, and issues in the elicitation of household WTP are addressed.

Identificador

http://espace.library.uq.edu.au/view/UQ:34915

Idioma(s)

eng

Palavras-Chave #Agricultural Economics & Policy #Economics #Altruism #Contingent Valuation #Household #Public Goods #Willingness To Pay
Tipo

Journal Article