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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w16483 |
来源ID | Working Paper 16483 |
A Dynamic Explanation of the Willingness to Pay and Willingness to Accept Disparity | |
Catherine L. Kling; John A. List; Jinhua Zhao | |
发表日期 | 2010-10-21 |
出版年 | 2010 |
语种 | 英语 |
摘要 | Evidence from laboratory experiments suggests that important disparities exist between willingness to pay (WTP) and compensation demanded for the same good. This study advances, and experimentally tests, a new explanation of the WTP/WTA disparity--a dynamic theory based on the presence of commitment costs. We find that the commitment cost theory combined with a simple behavioral anomaly is able to lend insights into the causes and severity of the WTA/WTP disparity. Further, we find that market experience attenuates the behavioral anomaly, consistent with the notion that no value disparity exists for agents with sufficient market experience. |
主题 | Econometrics ; Experimental Design ; Environmental and Resource Economics ; Environment |
URL | https://www.nber.org/papers/w16483 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574157 |
推荐引用方式 GB/T 7714 | Catherine L. Kling,John A. List,Jinhua Zhao. A Dynamic Explanation of the Willingness to Pay and Willingness to Accept Disparity. 2010. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w16483.pdf(197KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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