Borisova, Natalia N.; Goodman, Allen C. - In: Health Economics 12 (2003) 4, pp. 323-334
Three measures of the value of time - willingness to pay (WTP) for a reduction in travel time, willingness to accept (WTA) a monetary compensation to forgo it, and the wage rate - are evaluated and compared. WTP and WTA were estimated from the two-part regressions of time price, using contingent...