publication . Article . 1998

Individual and Household Willingness to Pay for Public Goods

John Quiggin;
Open Access
  • Published: 01 Jan 1998 Journal: American Journal of Agricultural Economics, volume 80, pages 58-63 (issn: 0002-9092, eissn: 1467-8276, Copyright policy)
  • Publisher: Wiley
Abstract
The issue of whether willingness to pay (WTP) for the benefits generated by a public good should be elicited on an individual or on a household basis is addressed. Differences between individual and household WTP may arise when members of the household are mutually altruistic. It is shown that, for general specifications of altruism, household WTP is less than the sum of household members' individual WTP. Implications for the choice between household and individual measures of WTP are considered, and issues in the elicitation of household WTP are addressed. Copyright 1998, Oxford University Press.
Subjects
free text keywords: Agricultural and Biological Sciences (miscellaneous), Economics and Econometrics, Microeconomics, Public good, Public economics, Altruism, media_common.quotation_subject, media_common, Contingent valuation, Economics, Willingness to pay
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publication . Article . 1998

Individual and Household Willingness to Pay for Public Goods

John Quiggin;