Biel, Anders; Johansson-Stenman, Olof; Nilsson, Andreas - Nationalekonomiska institutionen, Handelshögskolan - 2006
Empirical evidence suggests that people’s maximum willingness to pay for having a good is often substantially lower than their minimum willingness to accept not having it, and that this discrepancy tends to be especially large when valuing public goods. This paper hypothesizes that differences...
