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Loss of Substitutability: A Note On Disparity between WTP and WTA

Author

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  • Arnaud Dragicevic

Abstract

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Suggested Citation

  • Arnaud Dragicevic, 2010. "Loss of Substitutability: A Note On Disparity between WTP and WTA," CIRANO Working Papers 2010s-03, CIRANO.
    • Handle: RePEc:cir:cirwor:2010s-03
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    File URL: https://cirano.qc.ca/files/publications/2010s-03.pdf
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    More about this item

    Keywords

    WTP-WTA disparity; substitution effect; loss aversion; disparité CAP-CAR; effet de substitution; aversion aux pertes;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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