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Long memory and structural changes in the forward discount: An empirical investigation

✍ Scribed by Kyongwook Choi; Eric Zivot

Book ID
116658800
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
311 KB
Volume
26
Category
Article
ISSN
0261-5606

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## Abstract This paper directly compares the relative sensitivity of time‐trade‐off (TTO) and willingness‐to‐pay (WTP) values obtained for various levels of change in health status. This was achieved by administering a TTO and WTP survey to a population of 50 subjects, assessing their valuation of