Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...

Economists often analyze cross-sectional data to estimate the value people implicit place on attributes of goods using hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals' willingness-to-pay (WTP) for changes in attribute...

In der Ökonomie ist die Kenntnis des monetarisierten Werts von öffentlichen Gütern wie Sicherheit oder sauberer Luft wichtig, um eine Datenbasis für politische Entscheidungen zu haben. Diese Arbeit entwickelt ein ökonometrisches Modell um aus Umfragedaten diese Zahlungsbereitschaft...