Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/18714 
Kompletter Metadatensatz
Erscheint in der Sammlung:
DublinCore-FeldWertSprache
dc.contributor.authorStrand, Jonen
dc.date.accessioned2009-01-28T15:52:22Z-
dc.date.available2009-01-28T15:52:22Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/18714-
dc.description.abstractI derive values of marginal changes in a public good for two-person households, measuredalternatively by household member i's willingness to pay (WTP) for the good on behalf of thehousehold, WTPi(H), or by the sum of individual WTP values across family members,WTP(C). Households are assumed to allocate their resources in efficient Nash bargains overprivate and common household goods. WTPi(H) is then found by trading off the public goodagainst household goods, and WTP(C) by trading the public good off against private goods. Ithen find that WTPi(H) is higher (lower) when member i has a high (low) marginal valuationof the public good, but on average represents WTP(C) correctly. Individuals then tend torepresent households correctly on average when questioned about the household's WTP for apublic good, even when they are purely selfish and answer truthfully. Counting all members?WTP answers on behalf of the household then leads to double counting. Pure and paternalisticaltruism (the latter attached to consumption of the public good) move each member's WTP onbehalf of the household closer to the true aggregate WTP, but only the latter raises aggregateWTP.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1351en
dc.subject.jelD64en
dc.subject.jelD13en
dc.subject.jelQ26en
dc.subject.jelH41en
dc.subject.ddc330en
dc.subject.keywordpublic goodsen
dc.subject.keywordwillingness to payen
dc.subject.keywordcontingent valuationen
dc.subject.keywordintrafamily allocationen
dc.subject.keywordNash bargainingen
dc.subject.stwWillingness to payen
dc.subject.stwÖffentliches Guten
dc.subject.stwFamilieen
dc.subject.stwTheorieen
dc.titlePublic-good valuation and intrafamily allocation-
dc.typeWorking Paperen
dc.identifier.ppn477504620en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
360.89 kB





Publikationen in EconStor sind urheberrechtlich geschützt.