Biel, Anders; Johansson-Stenman, Olof; Nilsson, Andreas - In: Journal of Economic Psychology 32 (2011) 6, pp. 908-917
While many earlier studies have found that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, more recent experimental evidence suggests that this discrepancy vanishes for standard consumption goods when an...