What is the best way to reward innovation? While prizes avoid deadweight loss, intellectual property screens out projects generating low consumer surplus per unit sold. We propose a stretch parameterization of demand under which innovations differ in both the size of the market they create and consumers’ average willingness-to-pay for them. We solve the resulting multidimensional screening prob...

the study determined the willingness and capacity of poultry farmers to pay for extension services in nasarawa state, nigeria. at this research used a sample size of 120 poultry farmers. simple descriptive statistics, kuppuswamy scale and logit regression model were used data analysis. the results showed that majority of the poultry farmers (87.5%) indicated their willingness to pay for extensi...

Consumers' Willingness-to-Pay (WTP) for transportation improvements can be estimated by analyzing travel choices in real or hypothetical markets. This paper examines the measurement and analysis problems that arise in forming WTP estimates and using them to guide public policy. Bounds are given for WTP deduced from random utility models. Issues in the use of stated preference data and the desig...

Dear Editor: In the UK and in many other countries throughout the world, medical students are paying for their medical education [1] . They might be paying the entire fee or a sizable proportion of it but many of them are increasingly making a contribution. As students make more of a contribution, inevitably they will start to see themselves not just as passive recipients of a medical education...

The study determined the willingness and capacity of poultry farmers to pay for extension services in Nasarawa State, Nigeria. At this research used a sample size of 120 poultry farmers. Simple descriptive statistics, Kuppuswamy scale and Logit regression model were used data analysis. The results showed that majority of the poultry farmers (87.5%) indicated their willingness to pay for extensi...

The adequacy of the concept of willingness to pay within health economics evaluations is reviewed. A considerable number of researchers in the literature have pointed out multiple methodological issues involving willingness-to-pay estimates. On the other hand, the theoretical discussion about the aggregation of individual preferences within an aggregate demand remains open. However, over the la...