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Willingness to Pay and the Cost of Commitment: An Empirical Specification and Test

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Author Info
Jay Corrigan ()
Catherine Kling ()
Jinhua Zhao ()

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Abstract

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File URL: http://hdl.handle.net/10.1007/s10640-007-9153-0
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Publisher Info
Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 40 (2008)
Issue (Month): 2 (June)
Pages: 285-298
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:enreec:v:40:y:2008:i:2:p:285-298

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Web page: http://www.springerlink.com/link.asp?id=100263

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Related research
Keywords: Commitment cost; Contigent valuation; Option value; Willingness to pay; Q26; C42; D60;

References listed on IDEAS
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  1. Catherine L. Kling & John A. List & Jinhua Zhao, 2003. "WTP/WTA Disparity: Have We Been Observing Dynamic Values but Interpreting Them as Static?, The," Center for Agricultural and Rural Development (CARD) Publications 03-wp333, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
    Other versions:
  2. Zhao, Jinhua & Kling, Catherine L., 2001. "A new explanation for the WTP/WTA disparity," Economics Letters, Elsevier, vol. 73(3), pages 293-300, December. [Downloadable!] (restricted)
  3. Jay Corrigan, 2005. "Is the Experimental Auction a Dynamic Market?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 31(1), pages 35-45, 05. [Downloadable!] (restricted)
    Other versions:
  4. Horowitz, John K. & McConnell, Kenneth E., 2002. "A Review of WTA/WTP Studies," Journal of Environmental Economics and Management, Elsevier, vol. 44(3), pages 426-447, November. [Downloadable!] (restricted)
  5. Hanemann, W. Michael, 1989. "Information and the concept of option value," Journal of Environmental Economics and Management, Elsevier, vol. 16(1), pages 23-37, January. [Downloadable!] (restricted)
  6. Jayson L. Lusk, 2003. "An Experimental Test of the Commitment Cost Theory," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 85(5), pages 1316-1322, December. [Downloadable!] (restricted)
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