Do entreaties reduce the WTA-WTP disparity when valuing public goods?
In this work we investigate the effects of entreaties to reduce the disparity between willingness to pay (WTP) and willingness to accept (WTA) estimates in the valuation of a public program. We find that entreaties are very effective on reducing the hypothetical bias inherent to the WTA estimates, as well as the gap between both WTP and WTA welfare estimates. The success of such entreaties warrants future research in this area.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 18 (2011)
Issue (Month): 6 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEL20 |
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEL20|
When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:18:y:2011:i:6:p:581-584. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.