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
Pages
-292
From page
293
To page
0
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
Serial Year
2001
Journal title
Economics Letters
Record number
21807
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