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A note on willingness to pay and willingness to accept
Authors:Udo Ebert
Institution:(1) Institut für Volkswirtschaftslehre, Universität Oldenburg, Postfach 2503, D-26111 Oldenburg, Germany
Abstract:In a recent paper Loehman (1991) derives some relationships between measures of benefit for nonmarket goods. This note presents some remarks on Loehman's methodology, several results, if the good considered is normal, and an extension to the case of pollution, i.e. public lsquobadsrsquo.I would like to thank an unknown referee for helpful comments.
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