Imputing Unknown Market Values: A Different Perspective on the Disparity Between WTP and WTA

Akinori Tomohara

Journal of Environmental Planning and Management, 2005, vol. 48, issue 2, 241-256

Abstract: In the process of economic development, governments often expropriate private property and compensate the owners accordingly. Using the application of environmental regulation, this paper suggests a method to impute the price of an expropriated good when the price is not available, due to the lack of markets.

Date: 2005
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DOI: 10.1080/0964056042000338163

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