Add to ORKGWe 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
We present an experiment designed to study the psychological basis for the willingness to accept (WT...
People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad ra...
International audienceThe willingness-to-pay (WTP) and willingness-to-accept (WTA) disparity reporte...
Presents a real options model of an agent\u27s decision to purchase or sell a good under conditions ...
This study advances, and experimentally tests, a new explanation for the disparity between willingne...
In a static setting, willingness to pay (WTP) for an increase in quantity or quality is simply equal...
This study reports a new meta-analysis of papers that elicit willingness-to-pay (WTP) and willingnes...
This study advances, and experimentally tests, a new explanation for the disparity between willingne...
Many studies have found a gap between willingness-to-pay and willingness-to-accept that is inconsist...
We present a dynamic model of an agent\u27s decision to purchase or sell a good under conditions of ...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
Based on a survey among more than 5,000 German households and a single-binary choice experiment in ...
This paper tests whether individual perceptions of markets as good or bad for a public good is corre...
We present an experiment designed to study the psychological basis for the willingness to accept (WT...
People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad ra...
International audienceThe willingness-to-pay (WTP) and willingness-to-accept (WTA) disparity reporte...
Presents a real options model of an agent\u27s decision to purchase or sell a good under conditions ...
This study advances, and experimentally tests, a new explanation for the disparity between willingne...
In a static setting, willingness to pay (WTP) for an increase in quantity or quality is simply equal...
This study reports a new meta-analysis of papers that elicit willingness-to-pay (WTP) and willingnes...
This study advances, and experimentally tests, a new explanation for the disparity between willingne...
Many studies have found a gap between willingness-to-pay and willingness-to-accept that is inconsist...
We present a dynamic model of an agent\u27s decision to purchase or sell a good under conditions of ...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
Based on a survey among more than 5,000 German households and a single-binary choice experiment in ...
This paper tests whether individual perceptions of markets as good or bad for a public good is corre...
We present an experiment designed to study the psychological basis for the willingness to accept (WT...
People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad ra...
International audienceThe willingness-to-pay (WTP) and willingness-to-accept (WTA) disparity reporte...