Browsing Statistisk sentralbyrå by Author "Bateman, Ian"
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The Assumption of equal marginal utility of income : how much does it matter?
Medin, Hege; Nyborg, Karine; Bateman, Ian (Discussion Papers;No. 241, Working paper, 1998)In most applied cost-benefit analyses, individual willingness to pay is aggregated without using explicit welfare weights. This can be justified by postulating a utilitarian social welfare function, along with the assumption ...