The relationship between individual and household measures of WTP and WTA
The article defines measures of individual and household willingness to pay (and to accept) in a general and flexible framework. It completely clarifies the relationship between the household measures and the sum of the individual welfare measures (the aggregate measures) which are in general different. The aggregate measures form only an upper bound for the corresponding household measures. The bounds (based on the information about individual measures) can be tightened by introducing additional assumptions about the decision process within the household. The results derived prove helpful for the theoretical analysis of household behavior, for the evaluation of nonmarket goods in environmental and public economics and for contingent valuation. Copyright Springer-Verlag 2013
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 40 (2013)
Issue (Month): 2 (February)
|Contact details of provider:|| Web page: http://link.springer.de/link/service/journals/00355/index.htm|
|Order Information:||Web: http://link.springer.de/orders.htm|
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.:
- Daniel T. Slesnick, 1998. "Empirical Approaches to the Measurement of Welfare," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 2108-2165, December.
- Udo Ebert & Patrick Moyes, 2009.
"Household decisions and equivalence scales,"
Journal of Population Economics,
Springer, vol. 22(4), pages 1039-1062, October.
- Udo Ebert & Patrick Moyes, 2004. "Household Decisions and Equivalence Scales," IDEP Working Papers 0404, Institut d'economie publique (IDEP), Marseille, France.
- Udo Ebert & Patrick Moyes, 2008. "Household decision and equivalence scales," Post-Print hal-00156436, HAL.
- Udo Ebert & Patrick Moyes, 2004. "Household decision and equivalence scales," Post-Print hal-00160180, HAL.
- Udo Ebert & Patrick Moyes, 2009. "Household decisions and equivalence scales," Post-Print hal-00796058, HAL.
- Jon Strand, 2007.
"Public-good valuation and intra-family allocation,"
Environmental & Resource Economics,
European Association of Environmental and Resource Economists, vol. 38(4), pages 527-543, December.
- Jon Strand, 2004. "Public-Good Valuation and Intrafamily Allocation," CESifo Working Paper Series 1351, CESifo Group Munich.
- Strand, Jon, 2009. "Public-good valuation and intrafamily allocation," HERO On line Working Paper Series 2003:20, Oslo University, Health Economics Research Programme.
- Strand, Jon, 2003. "Public-good valuation and intrafamily allocation," Memorandum 28/2002, Oslo University, Department of Economics.
- Browning, Martin & Francois Bourguignon & Pierre-Andre Chiappori & Valerie Lechene, 1994.
"Income and Outcomes: A Structural Model of Intrahousehold Allocation,"
Journal of Political Economy,
University of Chicago Press, vol. 102(6), pages 1067-96, December.
- Browning, M. & Bourguignon, F. & Chiappori, P.A. & Lechene, V., 1992. "Incomes and Outcomes: A structural Model of Intra-Household Allocation," DELTA Working Papers 92-23, DELTA (Ecole normale supérieure).
- Apps,Patricia & Rees,Ray, 2009.
"Public Economics and the Household,"
Cambridge University Press, number 9780521716284.
- Valerie Lechene & Martin Browning, 2004.
"Collective and unitary models: a clarification,"
Economics Series Working Papers
191, University of Oxford, Department of Economics.
- Pollak, Robert A., 1981. "The social cost of living index," Journal of Public Economics, Elsevier, vol. 15(3), pages 311-336, June.
- Martin Browning & P.A. Chiappori, 1996.
"Efficient Intra-Household Allocations - A General Characterization and Empirical Tests,"
96-10, University of Copenhagen. Department of Economics.
- M. Browning & P. A. Chiappori, 1998. "Efficient Intra-Household Allocations: A General Characterization and Empirical Tests," Econometrica, Econometric Society, vol. 66(6), pages 1241-1278, November.
- Martin Browning & Pierre-Andre Chiappori, 1994. "Efficient Intra-Household Allocations: a General Characterization and Empirical Tests," Department of Economics Working Papers 1994-02, McMaster University.
- Browning, M. & Chiappori, P.A., 1994. "Efficient Intra-Household allocations: A General Characterization and Empirical Tests," DELTA Working Papers 94-16, DELTA (Ecole normale supérieure).
- Konrad, Kai A & Lommerud, Kjell Erik, 1995. " Family Policy with Non-cooperative Families," Scandinavian Journal of Economics, Wiley Blackwell, vol. 97(4), pages 581-601, December.
- Munro, Alistair, 2005. "Household willingness to pay equals individual willingness to pay if and only if the household income pools," Economics Letters, Elsevier, vol. 88(2), pages 227-230, August.
- Donaldson, David, 1992. "On The Aggregation Of Money Measures Of Well-Being In Applied Welfare Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), July.
- Ebert, Udo, 2010. "Household willingness to pay and income pooling: A comment," Economics Letters, Elsevier, vol. 107(1), pages 7-9, April.
- Phipps, Shelley A & Burton, Peter S, 1998.
"What's Mine Is Yours? The Influence of Male and Female Incomes on Patterns of Household Expenditure,"
London School of Economics and Political Science, vol. 65(260), pages 599-613, November.
- Phipps, S.A. & Burton, P.S., 1992. "What's Mine is Yours?: The Influence of Male and Female Incomes on Patterns of Household Expenditure," Department of Economics at Dalhousie University working papers archive 92-12, Dalhousie, Department of Economics.
- Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-47, June.
- Slivinski, Alan D, 1987. "The Normative Characterization of Aggregate Consumers' Surplus Measures," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 28(3), pages 559-81, October.
- Manser, Marilyn & Brown, Murray, 1980. "Marriage and Household Decision-Making: A Bargaining Analysis," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(1), pages 31-44, February.
- Ebert, Udo, 1987. "Axiomatic foundations of Hicksian measures of welfare change," Journal of Public Economics, Elsevier, vol. 33(1), pages 115-124, June.
- Orazio Attanasio & ValÃ©rie Lechene, 2002.
"Tests of Income Pooling in Household Decisions,"
Review of Economic Dynamics,
Elsevier for the Society for Economic Dynamics, vol. 5(4), pages 720-748, October.
- Dasgupta, Dipankar & Itaya, Jun-ichi, 1992. "Comparative Statics for the Private Provision of Public Goods in a Conjectural Variations Model with Heterogeneous Agents," Public Finance = Finances publiques, , vol. 47(1), pages 17-31.
- John Quiggin, 1998. "Individual and Household Willingness to Pay for Public Goods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 58-63.
- Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.
- Cornes,Richard, 1992. "Duality and Modern Economics," Cambridge Books, Cambridge University Press, number 9780521336017.
When requesting a correction, please mention this item's handle: RePEc:spr:sochwe:v:40:y:2013:i:2:p:367-390. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.