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Temporal insensitivity of willingness to pay and implied discount rates

✍ Scribed by Soo-Il Kim; Timothy C. Haab


Book ID
116859858
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
304 KB
Volume
31
Category
Article
ISSN
0928-7655

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## Abstract Three measures of the value of time – willingness to pay (WTP) for a reduction in travel time, willingness to accept (WTA) a monetary compensation to forgo it, and the wage rate – are evaluated and compared. WTP and WTA were estimated from the two‐part regressions of time price, using c