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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| _version_ | 1797093659474132992 |
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| author | Fleurbaey, M |
| author_facet | Fleurbaey, M |
| author_sort | Fleurbaey, M |
| collection | OXFORD |
| description | <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 principles. It also examines the challenges to be addressed for empirical applications of the approach. </p> |
| first_indexed | 2024-03-07T04:03:29Z |
| format | Working paper |
| id | oxford-uuid:c55f8025-c257-4c45-a85f-2a0548460ddc |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T04:03:29Z |
| publishDate | 2008 |
| publisher | Oxford Poverty & Human Development Initiative (OPHI) |
| record_format | dspace |
| spelling | oxford-uuid:c55f8025-c257-4c45-a85f-2a0548460ddc2022-03-27T06:30:19ZWillingness-to-pay and the equivalence approachWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:c55f8025-c257-4c45-a85f-2a0548460ddcEnglishOxford University Research Archive - ValetOxford Poverty & Human Development Initiative (OPHI)2008Fleurbaey, M<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 principles. It also examines the challenges to be addressed for empirical applications of the approach. </p> |
| spellingShingle | Fleurbaey, M Willingness-to-pay and the equivalence approach |
| title | Willingness-to-pay and the equivalence approach |
| title_full | Willingness-to-pay and the equivalence approach |
| title_fullStr | Willingness-to-pay and the equivalence approach |
| title_full_unstemmed | Willingness-to-pay and the equivalence approach |
| title_short | Willingness-to-pay and the equivalence approach |
| title_sort | willingness to pay and the equivalence approach |
| work_keys_str_mv | AT fleurbaeym willingnesstopayandtheequivalenceapproach |