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来源类型Working Paper
规范类型报告
DOI10.3386/w16483
来源IDWorking 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
URLhttps://www.nber.org/papers/w16483
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/574157
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Catherine L. Kling,John A. List,Jinhua Zhao. A Dynamic Explanation of the Willingness to Pay and Willingness to Accept Disparity. 2010.
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