Libros
Environmental Valuation with Discrete Choice Experiments
ISBN: 978-3-030-62669-3
Editorial: Springer Nature
Licencia: Creative Commons (by-nc-nd)
Autor(es): Mariel, Petr; [et al.]
Editorial: Springer Nature
Licencia: Creative Commons (by-nc-nd)
Autor(es): Mariel, Petr; [et al.]
This chapter starts by briefly presenting the theoretical background of
welfare economics and introducing key aspects such as the indirect utility function, the expenditure function, or the concepts of compensating surplus or equivalent surplus. Next, it draws attention to willingness to pay and willingness to accept, essential measures in environmental valuation. Finally, the chapter summarises the basic mathematical notation of the random utility maximisation models used throughout the book.
[2021]
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