Despairing Over Disparities: Explaining the Difference Between Willingness to Pay and Willingness to Accept
β Scribed by Carol Mansfield
- Book ID
- 110260740
- Publisher
- Springer
- Year
- 1999
- Tongue
- English
- Weight
- 75 KB
- Volume
- 13
- Category
- Article
- ISSN
- 0924-6460
No coin nor oath required. For personal study only.
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## Abstract Three measures of the value of time β willingness to pay (WTP) for a reduction in travel time, willingness to accept (WTA) a monetary compensation to forgo it, and the wage rate β are evaluated and compared. WTP and WTA were estimated from the twoβpart regressions of time price, using c
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