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Household willingness to pay and income pooling: A comment

By Udo Ebert


We demonstrate some problems with Munro 2005 ("Household willingness to pay equals individual willingness to pay if and only if the household income pools", Economics Letters 88, 227-230). Furthermore, we reconsider income pooling in a slightly changed framework and prove: Income pooling implies that household willingness to pay is equal to minimal individual willingness to pay. The converse is not true.Income pooling Willingness to pay Willingness to accept Nonmarket goods Contingent valuation

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