کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10475468 929155 2005 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Weak complementarity, path independence, and the intuition of the Willig condition
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Weak complementarity, path independence, and the intuition of the Willig condition
چکیده انگلیسی
Weak complementarity is usually invoked for valuing public goods using information on private goods. However, using uncompensated demands requires a second condition, the Willig condition. This paper present an intuitive explanation of the Willig condition and shows that the alternative versions are equivalent to a path-independence condition for line integrals. This condition is fulfilled for compensated demands but not uncompensated demands except in restrictive special cases. It is shown that this is a type of quasi-homotheticity and requires that the income flexibility of quality must equal the income elasticity of the weak complement. The importance and restrictiveness of the Willig condition are shown using three alternative functional forms.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Environmental Economics and Management - Volume 49, Issue 1, January 2005, Pages 103-115
نویسندگان
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