Experiments on the Divergence between Willingness to Pay and Willingness to Accept: The Issue Revisited
AbstractMany 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 a market setting. We find WTA/WTP ratios that are significantly lower than most such studies.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 17 (2005)
Issue (Month): 4 ()
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- Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
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- repec:ebl:ecbull:v:4:y:2004:i:1:p:1-7 is not listed on IDEAS
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"Consumer Demand for Quality: Major Determinant for Agricultural and Food Trade in the Future?,"
Food Marketing Policy Center Research Reports
097, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
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