Weber, Thomas A.2013-07-162013-07-162013-07-16200310.1016/S0165-1765(03)00119-8https://infoscience.epfl.ch/handle/20.500.14299/93377I present a simple and precise relationship between the willingness-to-pay and the willingness-to-accept, or equivalently between the compensating and equivalent variations following an exogenous welfare change. One can be computed given the other as a function of income.Welfare changeCompensating variationEquivalent variationAn Exact Relation Between Willingness To Pay and Willingness To Accepttext::journal::journal article::research article