|
|||||
|
|
On some applications of quasideviation means |
|
| Authors: | J Chudziak M Chudziak |
| Institution: | 1. Faculty of Mathematics and Natural Sciences, University of Rzeszów, Rzeszów, Polandchudziak@ur.edu.pl;3. Faculty of Mathematics and Natural Sciences, University of Rzeszów, Rzeszów, Poland |
| Abstract: | ABSTRACTWe show that willingness to accept (WTA) and willingness to pay (WTP) are particular cases of quasideviation means. Applying this fact we characterize some properties of WTA and WTP related to the experimentally observed disparity between them. |
| Keywords: | Utility function willingness to accept willingness to pay implicit mean functional equation |