Individual and Household Willingness to Pay for Public Goods
نویسنده
چکیده
In this paper, the issue of whether willingness to pay (WTP) for the benefits generated by a public good should be elicited on an individual or 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 or the choice between household and individual measures of WTP are considered, and issues in the elicitation of household WTP are addressed.
منابع مشابه
Measurement of household welfare : Individual and household willingness to pay and to accept
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