Household willingness to pay and income pooling: A comment

C-Tier
Journal: Economics Letters
Year: 2010
Volume: 107
Issue: 1
Pages: 7-9

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:eee:ecolet:v:107:y:2010:i:1:p:7-9
Journal Field
General
Author Count
1
Added to Database
2026-01-25