Willingness-to-pay and the equivalence approach

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Willingness - to - pay and the equivalence approach *

This paper describes the evaluation of individual situations in terms of equivalent incomes computed from ordinary income by adding or subtracting various terms of willingness-to-pay. It discusses the origin of the approach and its connection with social choice theory and philosophical principles. It also examines the challenges to be addressed for empirical applications of the approach.

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ژورنال

عنوان ژورنال: Revue d'économie politique

سال: 2011

ISSN: 0373-2630,2105-2883

DOI: 10.3917/redp.211.0035