Title of article :
A new explanation for the WTP/WTA disparity
Author/Authors :
Zhao، Jinhua نويسنده , , Kling، Catherine L. نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2001
Abstract :
We propose a new explanation for the WTP/WTA disparity in experiments and surveys. Uncertainty, irreversibility and limited learning opportunities can generate commitment costs, driving a wedge between WTP and WTA. We present experimental evidence that supports our hypothesis.
Keywords :
Distance , Function , translation , Homotheticity , Directional
Journal title :
Economics Letters
Journal title :
Economics Letters
