Estimating four Hicksian welfare measures for a public good: a contingent valuation investigation.
A study was conducted to test the theoretical explanations of the well-known disparity between compensation surplus and equivalent surplus measures of welfare. Equivalent loss (EL), the monetary loss equivalent to a proposed amenity reduction, and equivalent gain (EG), the gain equivalent to a prop...
| Publicado en: | Land Economics Vol. 76; no. 3; pp. 355 - 374 |
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| Autores principales: | , , |
| Formato: | Artículo |
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University of Wisconsin Press
August 2000
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510113772&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510113772 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: August 2000 vid: 76 iid: 3 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510113772 10.2307/3147034 ppf: 355 ppct: 19 formats: fmt: – @attributes: type: T – @attributes: type: P size: 175KB tig: atl: Estimating four Hicksian welfare measures for a public good: a contingent valuation investigation. aug: au: Bateman, Ian J. Landford, Ian H. Munro, Alistair su: Welfare economics Contingent valuation Real property sug: subj: Welfare economics Contingent valuation Real property keyword: Amenities (Real property) Norwich (England) -- Roads ab: A study was conducted to test the theoretical explanations of the well-known disparity between compensation surplus and equivalent surplus measures of welfare. Equivalent loss (EL), the monetary loss equivalent to a proposed amenity reduction, and equivalent gain (EG), the gain equivalent to a proposed amenity increase, together with traditional welfare measures, were used in a contingent valuation study of traffic disamenity. Data were drawn from a survey of 1,040 households in Norwich, U.K. Findings reveal a lack of compelling evidence in favor of loss aversion as a cause of the disparity. Findings further reveal that, as valuation measures, the performance of EL is similar to the traditional willingness to pay for a gain, whereas EG performs poorly. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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