Add to ORKGThe disparity between Willingness to Accept (WTA) and Willingness to Pay (WTP) is commonly explained by endowment effect, which describes pain-of-losing account. Recent literature has presented an alternative viewpoint that WTA-WTP disparity could be due to aversion to bad deals. However, there are no known literature that are able to disentangle these two effects. Our study presents a distinct factor that can affect the WTA-WTP disparity using the trade-in method. In a two-part experiment, we attempt to observe the changes in WTA for the loss of currently endowed goods in the presence of a trade-in option. Our results suggest that along with endowment effect and aversion to bad deals, an inclination towards good deals (good deals effect) i...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingne...
The discrepancy between WTA and WTP is supposed to be a manifestation of the endowment effect (KKT)....
We hypothesise and confirm a previously unnoticed pattern within pre-existing data on the endowment ...
none5siAn enormous literature documents that willingness to pay (WTP) is less than willingness to ac...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
textNumerous studies have shown a discrepancy between how much an individual will accept to give up ...
textNumerous studies have shown a discrepancy between how much an individual will accept to give up ...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad ra...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingne...
The discrepancy between WTA and WTP is supposed to be a manifestation of the endowment effect (KKT)....
We hypothesise and confirm a previously unnoticed pattern within pre-existing data on the endowment ...
none5siAn enormous literature documents that willingness to pay (WTP) is less than willingness to ac...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
textNumerous studies have shown a discrepancy between how much an individual will accept to give up ...
textNumerous studies have shown a discrepancy between how much an individual will accept to give up ...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
Several experimental studies have reported that an otherwise robust regularity-the disparity between...
Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and will...
People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad ra...
An enormous literature documents that willingness to pay (WTP) is less than willingness to accept (W...
The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingne...
The discrepancy between WTA and WTP is supposed to be a manifestation of the endowment effect (KKT)....