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Information and the Divergence Between Willingness-to-accept and Willingness-to-pay

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Charles D. Kolstad Rolando M. Guzman

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Paper provided by California Santa Barbara - Department of Economics in its series University of California Santa Barbara - Department of Economics with number 30-98.

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Handle: RePEc:fth:calaec:30-98

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  1. Charles D. Kolstad Rolando M. Guzman, . "Auction Equilibrium with Costly Information Acquisition," University of California Santa Barbara - Department of Economics 17-97, California Santa Barbara - Department of Economics. [Downloadable!]
  2. McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June. [Downloadable!] (restricted)
  3. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March. [Downloadable!] (restricted)
  4. Sanford J. Grossman & Joseph E. Stiglitz, 1980. "On the Impossibility of Informationally Efficient Markets," NBER Reprints 0121, National Bureau of Economic Research, Inc.
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  5. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-47, June. [Downloadable!] (restricted)
  6. Coursey, Don L & Hovis, John L & Schulze, William D, 1987. "The Disparity between Willingness to Accept and Willingness to Pay Measures of Value," The Quarterly Journal of Economics, MIT Press, vol. 102(3), pages 679-90, August. [Downloadable!] (restricted)
  7. Plott, Charles R., 1993. "Rational Individual Behavior in Markets and Social Choice Processes," Working Papers 862, California Institute of Technology, Division of the Humanities and Social Sciences. [Downloadable!]
  8. Shogren, Jason F. & Seung Y. Shin & Dermot J. Hayes & James B. Kliebenstein, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," American Economic Review, American Economic Association, vol. 84(1), pages 255-70, March.
  9. Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1325-48, December. [Downloadable!] (restricted)
  10. Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September. [Downloadable!] (restricted)
  11. Rolando Guzman & Charles Kolstad, 1997. "Auction Equilibrium with Costly Information Acquisition," University of California at Santa Barbara, Economics Working Paper Series wp17-97, Department of Economics, UC Santa Barbara. [Downloadable!]
  12. Harrison, Glenn W, 1992. "Theory and Misbehavior of First-Price Auctions: Reply," American Economic Review, American Economic Association, vol. 82(5), pages 1426-43, December. [Downloadable!] (restricted)
  13. Rolando M. Guzman & Charles D. Kolstad, . "Bidding Behavior Under Costly Information Acquisition: An Experimental Study," University of California Santa Barbara - Department of Economics 17-95, California Santa Barbara - Department of Economics. [Downloadable!]
  14. Randall, Alan & Stoll, John R, 1980. "Consumer's Surplus in Commodity Space," American Economic Review, American Economic Association, vol. 70(3), pages 449-55, June. [Downloadable!] (restricted)
  15. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-97, September. [Downloadable!] (restricted)
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