Information and the divergence between willingness to accept and willingness to pay

DOI10.1006/jeem.1999.1070zbMath0947.91032OpenAlexW1997502214MaRDI QIDQ1302653

Charles D. Kolstad, Rolando M. Guzman

Publication date: 22 September 1999

Published in: Journal of Environmental Economics and Management (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/03866277388c46e89d6b0d893a870b572ec74915

zbMATH Keywords

endowment effectsubstitution effectbidding model

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (3)

The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ``bad-deal aversion? ⋮ A new explanation for the WTP/WTA disparity ⋮ Auction design with costly preference elicitation

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