An augmented Becker-DeGroot-marschak mechanism for transaction cycles

DOI10.1016/J.ECONLET.2011.09.001zbMath1241.91050OpenAlexW3122767628MaRDI QIDQ429130

Thomas A. Weber

Publication date: 26 June 2012

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2011.09.001

zbMATH Keywords

willingness-to-payendowment effectwillingness-to-acceptcompensating variationequivalent variationwelfare change

Mathematics Subject Classification ID

Utility theory (91B16) Welfare economics (91B15)

Cites Work

• Unnamed Item
• An exact relation between willingness to pay and willingness to accept

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