Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/155436 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Hohenheim Discussion Papers in Business, Economics and Social Sciences No. 03-2017
Verlag: 
Universität Hohenheim, Fakultät Wirtschafts- und Sozialwissenschaften, Stuttgart
Zusammenfassung: 
In Stated Preference studies for the appraisal of environmental projects in poor countries or regions it often turns out that the stated willingness to pay of people for environmental improvements, which is used as measure of individual welfare changes, is very low. This is often interpreted as the result of extremely tight budget constraints, which make it impossible that people express their true appreciation of an environmental project in terms of their willingness to pay for it. Therefore, it is sometimes suggested to use labour contributions instead of money as a numeraire to measure utility in such studies. In this paper we show theoretically and empirically that this suggestion is not compatible with the principles of welfare theory because of several inconsistencies. We also illustrate the validity of our arguments empirically based on the results of a Contingent Valuation study conducted in a rural area in northern Vietnam.
Schlagwörter: 
Contingent Valuation
Cost-benefit Analysis
Developing Countries
Public Expenditures
Vietnam
Willingness to work
JEL: 
D61
H43
Q51
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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