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Persistent link: https://www.econbiz.de/10005355424
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...
Persistent link: https://www.econbiz.de/10008551412