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Economic Valuation of Urban Informal Activities: Case Study of Flea Markets in Bandung Municipality

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Author Info
Bagdja Muljarijadi () (Master of Applied Economics Program Graduate School of Economics-Faculty of Economics Padjadjaran University)
Rahmat Thio () (Master of Applied Economics Program Graduate School of Economics-Faculty of Economics Padjadjaran University)

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Abstract

This study analyzes some social economic aspects of informal activities using case study of flea markets in Bandung Municipality. The objectives are to provide a description of the information we collected during our field survey, and report our findings on the Willingness to Pay (WTP) of people who are doing informal business in the flea markets under study on some services. We use Censored Regression Model to estimate WTP for some relevant services (general user charge, waste disposal services, security, and congestion) in the flea market. We found two important determinants of WTP, which are the amount of working capital, and the ownership of the merchandise.

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File URL: http://www.equitablepolicy.org/wpaper/200802.pdf
File Format: application/pdf
File Function: First version, 2008
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Publisher Info
Paper provided by Department of Economics, Padjadjaran University in its series Working Papers in Economics and Development Studies (WoPEDS) with number 200802.

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Length: 17 pages
Date of creation: May 2008
Date of revision: May 2008
Handle: RePEc:unp:wpaper:200802

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Postal: Jalan Cimandiri No.6, Bandung 40115
Phone: (062)022-4204510
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Web page: http://www.lp3e-unpad.org
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Related research
Keywords: Flea market; informal activity; WTP;

Other versions of this item:

Find related papers by JEL classification:
O17 - Economic Development, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
P35 - Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Friedrich Schneider & Dominik H. Enste, 2000. "Shadow Economies: Size, Causes, and Consequences," Journal of Economic Literature, American Economic Association, vol. 38(1), pages 77-114, March. [Downloadable!] (restricted)
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Cited by:
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  1. Harlan Dimas, 2008. "Street Vendors : Urban Problem and Economic Potential," Working Papers in Economics and Development Studies (WoPEDS) 200803, Department of Economics, Padjadjaran University, revised Jun 2008. [Downloadable!]
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