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2006-03-11
英文文献:The Theoretical Structure of Producer Willingness to Pay Estimates
英文文献作者:Zapata, Samuel D.,Carpio, Carlos E.
英文文献摘要:
This paper analyzes the theoretical underpinnings of producers’ willingness to pay (WTP) for novel inputs. In addition to conceptualizing the WTP function for producers, we derive its comparative statics and demonstrate the use of these properties to estimate input quantities demanded, outputs supplied, and price elasticities. We also discuss implications of the comparative statics results for the specification of empirical producer WTP models and survey design.
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