Do entreaties reduce the WTA-WTP disparity when valuing public goods?

In this work we investigate the effects of entreaties to reduce the disparity between willingness to pay (WTP) and willingness to accept (WTA) estimates in the valuation of a public program. We find that entreaties are very effective on reducing the hypothetical bias inherent to the WTA estimates, as well as the gap between both WTP and WTA welfare estimates. The success of such entreaties warrants future research in this area.

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Year of publication:	2011
Authors:	Loureiro, Maria ; Barrio, Melina
Published in:	Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 18.2011, 6, p. 581-584
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009202575