Experiments on the Divergence between Willingness to Pay and Willingness to Accept: The Issue Revisited

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Rodolfo M. Nayga, Jr.; Wipon Aiew; Richard Woodward;
  • Journal: Economics Bulletin, volume 17, issue 4, pages 1-5
  • Subject:
    • jel: jel:Q0

Many empirical studies have discovered large discrepancies between willingness to pay (WTP) and willingness to accept (WTA) measures. This paper revisits the WTP and WTA divergence issue using a non-hypothetical market experiment, actual products, cash, and exchange in ... View more
  • References (14)
    14 references, page 1 of 2

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