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Willingness to Pay, Compensating Variation, and the Cost of Commitment

✍ Scribed by Jinhua Zhao; Catherine L. Kling

Book ID
111744137
Publisher
Oxford University Press
Year
2004
Tongue
English
Weight
220 KB
Volume
42
Category
Article
ISSN
0095-2583

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πŸ“œ SIMILAR VOLUMES

Cost of Public Goods Affects Willingness
Cost of Public Goods Affects Willingness to Pay for Them
✍ JONATHAN BARON; NICHOLAS P. MAXWELL πŸ“‚ Article πŸ“… 1996 πŸ› John Wiley and Sons 🌐 English βš– 799 KB

We provided information about costs and benefits of public goods, mostly forms of risk reduction. Judgments of willingness to pay (WTP) for the goods was affected by cost as well as benefit, even when subjects judged the benefit to be unaffected by cost. Cost information affected WTP when it took th