Understanding the disparity between WTP and WTA: endowment effect, substitutability, or imprecise preferences?

被引：27

作者：

Morrison, GC ^{[1
]}

机构：

[1] Univ Nottingham, Dept Econ, Nottingham NG7 2RD, England

来源：

ECONOMICS LETTERS | 1998年 / 59卷 / 02期

关键词：

willingness to pay; willingness to accept; reference points; endowment effect; imprecise preferences;

D O I：

10.1016/S0165-1765(98)00049-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Although it is now generally accepted that willingness-to-accept exceeds willingness-to-pay, disagreement remains as to why. This disparity is shown to persist even when controlling for learning, substitutability, and respondents' imprecision, thus lending further support for the endowment effect. (C) 1998 Elsevier Science S.A.

引用

页码：189 / 194

页数：6

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