Journal Article

Individual and Household Willingness to Pay for Public Goods

John Quiggin

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 1, pages 58-63
Published in print February 1998 | ISSN: 0002-9092
Published online February 1998 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/3180268
Individual and Household Willingness to Pay for Public Goods

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  • Household Behaviour and Family Economics
  • Publicly Provided Goods
  • Renewable Resources and Conservation

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The issue of whether willingness to pay (WTP) for the benefits generated by a public good should be elicited on an individual or on a household basis is addressed. Differences between individual and household WTP may arise when members of the household are mutually altruistic. It is shown that, for general specifications of altruism, household WTP is less than the sum of household members' individual WTP. Implications for the choice between household and individual measures of WTP are considered, and issues in the elicitation of household WTP are addressed.

Keywords: altruism; contingent valuation; household; public goods; willingness to pay; D100; H410; Q260

Journal Article.  0 words. 

Subjects: Household Behaviour and Family Economics ; Publicly Provided Goods ; Renewable Resources and Conservation

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