New Explanation for the Wtp/Wta Disparity (A)

We 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.

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Year of publication:	2001-11-01
Authors:	Kling, Catherine L. ; Zhao, Jinhua
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, November 2001, vol. 73, pp. 293-300
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005433254