Results 291 to 300 of about 89,891,711 (336)
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A note on willingness to pay and willingness to accept
Social Choice and Welfare, 1993zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Contingent Valuation, Willingness to Pay, and Willingness to Accept
2017Contingent valuation (CV) and its two arms, or deadly weapons, willingness to pay (WTP) and willingness to accept (WTA), are survey methods that are supposed to measure the value of nonmarket goods and are mainly used by cultural and environmental economists.
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Willingness to Accept Limitations and Personal Adjustment
Perceptual and Motor Skills, 1969The Willingness to Accept Limitations Scale and the MMPI were administered to 202 male freshman college students to test the hypothesis that Ss low on the former test would appear more deviant on the latter test. The hypothesis was generally confirmed.
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Value learning and the willingness to accept–willingness to pay disparity
Economics Letters, 2013The assumption that individual preferences are rational and consistent with standard economic theory is often appropriate, but may be optimistic if consumers are uncertain about either their preferences or how the market operates. Both sources of uncertainty may present themselves in lab experiments exploring the well-known disparity between ...
David C. Kingsley, Thomas C. Brown
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Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries
Journal of Risk and Uncertainty, 1995zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eisenberger, Roselies, Weber, Martin
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Anchoring Effects on Consumers' Willingness-to-Pay and Willingness-to-Accept
2003When purchasing products, consumers often need to decide on the highest price they are willing to pay (WTP) and, when selling products, on the lowest price they are willing to accept (WTA). In this research, we contrast the determinants of WTP and WTA judgments and investigate their susceptibility to influence by arbitrary anchors that are unrelated to
Itamar Simonson, Aimee Drolet
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Determinants of the magnitude of willingness to accept relative to willingness to pay
Journal of Behavioral Decision Making, 2001AbstractIn this paper we test two hypotheses that stem from the work of Mellers, Chang, Birnbaum and Ordonez (1992). The first hypothesis is that in a binary gamble, the ratio of WTA to WTP is decreasing in the probability attached to a nonzero event. The second hypothesis is that this ratio is independent of the size of stakes. We find support for the
Hersh Shefrin, David Caldwell
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Willingness to Accept, Willingness to Pay, and Loss Aversion
We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We replicate the standard finding of an endowment effect—the divergence between Willingness to Accept (WTA) and Willingness to Pay (WTP), but document three new findings.Snowberg, Erik +8 more
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Predicting the Gap between Willingness to Accept and Willingness to Pay [PDF]
, 2006 People report much larger willingness to accept (WTA) than willingness to pay (WTP) under a broad range of circumstances. This dissertation tries to answer the question when people will report this gap, how large the difference between the two answers will be and what reasons lie behind this behavior: We find that uncertainty about the desire to trade ...
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Willingness to pay and willingness to accept: a simple conceptual exposition
Applied Economics Letters, 2000A simple explanation within the theory of indifference curves is offered for the experimental observations concerning the disparity between willingness to pay (WTP) and willingness to accept (WTA). Following Morrison's evidence, this explanation rests largely on the endowment effect. Two demand curves which are distinguished in terms of WTP and WTA are
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