WTP and WTA Theory

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Table of contents

1. INTRODUCTION
2. THEORIES
2.1 Present Value Annuity
2.2 Cost Benefit Analysis Theory
2.3 Kaldor /Hicks criterion
2.4 WTP/WTA theories
2.5 Application in the Swedish settings
2.6 VSL
3. LITERATURE REVIEW
4. RESEARCH METHODS
4.1 Approach of Study
4.2 Sources and Methods of Data Collection
4.3 Methods of Decision Analysis
4.4 Environmental Regulation Approaches
4.5 Identification of Costs and Benefits….
5. RESULTS (Quantifying Costs and Benefits)
5.1 Increased travel times
5.2 Increased Accident Risks
5.3 Cost of Information campaign
5.4 Buying of Non-studded tires
5.5 Maintenance Costs
5.6 Administrative Costs
5.7 The Initial Costs of Investment
5.8 Benefits: Decreased amounts of particles
5.9 Decreases in Noise
5.10 Decrease Road maintenance
5.11 Decrease Fuel Usage
5.12 Decrease Congestions
6. ANALYSIS OF RESULTS
6.1 Discussion on Estimates
6.2 Decision, Sensitivity and Uncertainty analysis
6.3 Conclusion and area of further research
References