The willingness-to-accept/willingness-to-pay disparity in repeated markets: loss aversion or ‘bad-deal’ aversion?
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DOI: 10.1007/s11238-010-9207-6
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More about this item
Keywords
WTA/WTP disparity; Price sensitivity; Bad-deal aversion; Vickrey auctions; Reference-dependence; Loss aversion; D11; D44;All these keywords.
JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
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