IDEAS home Printed from https://ideas.repec.org/h/spr/lnechp/978-3-540-68660-6_11.html
   My bibliography  Save this book chapter

WTP and WTA for Expressway Services

In: Developments on Experimental Economics

Author

Listed:
  • Metin Senbil

    (Hiroshima University)

  • Ryuichi Kitamura

    (Kyoto University)

Abstract

Changes in consumer surplus have been approached in two different ways [1,2]: one is the compensating variation (CV), which is the amount of income that an individual is ready to pay to keep his utility as it was before a change; the other is the equivalent variation (EV), which is the amount of money the individual is ready to accept for the change. For welfare gains, CV and EV are known as willingness to pay (to attain the gain, WTP) and willingness to accept (to accept the absence of the gain, WTA) respectively; but for a welfare loss, CV and EV refer to WTA (to compensate the loss) and WTP (to prevent the loss).

Suggested Citation

  • Metin Senbil & Ryuichi Kitamura, 2007. "WTP and WTA for Expressway Services," Lecture Notes in Economics and Mathematical Systems, in: Sobei Hidenori Oda (ed.), Developments on Experimental Economics, pages 143-148, Springer.
    • Handle: RePEc:spr:lnechp:978-3-540-68660-6_11
    DOI: 10.1007/978-3-540-68660-6_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:lnechp:978-3-540-68660-6_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.