A new explanation for the WTP/WTA disparity
| dc.contributor.author | Zhao, Jinhua | |
| dc.contributor.author | Kling, Catherine | |
| dc.contributor.department | Economics | |
| dc.date | 2018-02-18T07:49:14.000 | |
| dc.date.accessioned | 2020-06-30T02:07:59Z | |
| dc.date.available | 2020-06-30T02:07:59Z | |
| dc.date.issued | 2001-12-01 | |
| dc.description.abstract | <p>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.</p> | |
| dc.description.comments | <p>This is a working paper of an article from <em>Economics Letters</em>, 73(3) 2001; 293-300. DOI: <a href="http://dx.doi.org/10.1016/S0165-1765(01)00511-0" id="x-ddDoi" target="_blank">10.1016/S0165-1765(01)00511-0</a>.</p> | |
| dc.identifier | archive/lib.dr.iastate.edu/econ_las_pubs/549/ | |
| dc.identifier.articleid | 1550 | |
| dc.identifier.contextkey | 9949930 | |
| dc.identifier.s3bucket | isulib-bepress-aws-west | |
| dc.identifier.submissionpath | econ_las_pubs/549 | |
| dc.identifier.uri | https://dr.lib.iastate.edu/handle/20.500.12876/21776 | |
| dc.source.uri | http://lib.dr.iastate.edu/cgi/viewcontent.cgi?article=1232&context=card_workingpapers | |
| dc.subject.disciplines | Behavioral Economics | |
| dc.subject.disciplines | Finance | |
| dc.subject.disciplines | Growth and Development | |
| dc.subject.disciplines | Political Economy | |
| dc.subject.disciplines | Public Economics | |
| dc.subject.keywords | Willingness-to-pay | |
| dc.subject.keywords | Willingness-to-accept | |
| dc.subject.keywords | Commitment cost | |
| dc.subject.keywords | Lab experiment | |
| dc.subject.keywords | Contingent valuation survey | |
| dc.title | A new explanation for the WTP/WTA disparity | |
| dc.type | article | |
| dc.type.genre | article | |
| dspace.entity.type | Publication | |
| relation.isOrgUnitOfPublication | 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d |