TY - GEN T1 - Labour as a utility measure reconsidered A1 - Ahlheim,Michael A1 - Frör,Oliver A1 - Nguyen,Minh Duc A1 - Rehl,Antonia A1 - Siepmann,Ute A1 - Pham,Van Dinh Y1 - 2017/03/06 N2 - In Stated Preference studies for the appraisal of environmental projects in poor countries or regions it often turns out that the stated willingness to pay of people for environmental improvements, which is used as measure of individual welfare changes, is very low. This is often interpreted as the result of extremely tight budget constraints, which make it impossible that people express their true appreciation of an environmental project in terms of their willingness to pay for it. Therefore, it is sometimes suggested to use labour contributions instead of money as a numeraire to measure utility in such studies. In this paper we show theoretically and empirically that this suggestion is not compatible with the principles of welfare theory because of several inconsistencies. We also illustrate the validity of our arguments empirically based on the results of a Contingent Valuation study conducted in a rural area in northern Vietnam. KW - Bewertung KW - Beitrag KW - Öffentliches Gut KW - Kosten-Nutzen-Analyse KW - Entwicklungsländer KW - Vietnam CY - Hohenheim PB - Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim AD - Garbenstr. 15, 70593 Stuttgart UR - http://opus.uni-hohenheim.de/volltexte/2017/1332 ER -