Skip to main content
Agricultural and Food Economics

Table 1 Relation between EV, CV, WTP, and WTA

From: Estimating farmers’ willingness to pay for weather index-based crop insurance uptake in West Africa: Insight from a pilot initiative in Southwestern Burkina Faso

 

EV measure

CV measure

Utility increases

WTA

WTP

Utility decreases

WTP

WTA

  1. Source: Adopted from Haab and McConnell (2002)
Back to article page