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| Voltaire, Louinord; Nassiri, Abdelhak; Bailly, Denis; Boncoeur, Jean. |
| In this paper, we develop an empirical test of consistency in contingent willingness to pay (WTP) responses, which is based on the following a priori expectation. In economics, when an individual considers paying for public goods, his decision to pay, and his WTP are based on utility-maximising behaviour. Accordingly, supposing other factors are identical, if individual A expresses greater interest in paying for public goods in general than individual B, that is because A receives more benefits from the use and/or the non-use of these goods than B. Continuing with this logic, if both individuals are asked about their WTP for a precise public good, A should logically be more likely to pay and should be willing to pay more than B. Thus, the test consists in... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Contingent valuation; Consistency; Endogeneity; Consumer/Household Economics; Resource /Energy Economics and Policy; C24; D12; Q26. |
| Ano: 2011 |
URL: http://purl.umn.edu/114378 |
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