Willingness-to-pay and the equivalence approach
<p>This paper describes the evaluation of individual situations in terms of equivalent incomes computed from ordinary income by adding or subtracting various terms of willingness-to-pay. It discusses the origin of the approach and its connection with social choice theory and philosophical prin...
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| Format: | Working paper |
| Language: | English |
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Oxford Poverty & Human Development Initiative (OPHI)
2008
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