Imprecise preferences and the WTP-WTA disparity

DOI10.1007/BF01064181zbMATH Open0814.90002MaRDI QIDQ1342888FDOQ1342888

Authors: W. R. Dubourg, M. W. Jones-Lee, Graham Loomes 

Publication date: 15 January 1995

Published in: Journal of Risk and Uncertainty (Search for Journal in Brave)

Recommendations

• A review of WTA/WTP studies
• Willingness-to-pay and willingness-to-accept for risky and ambiguous lotteries
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zbMATH Keywords

contingent valuationreference pointswillingness to paysafetyimprecise preferences

Mathematics Subject Classification ID

Individual preferences (91B08)

Cites Work

• Prospect Theory: An Analysis of Decision under Risk

Cited In (9)

• Incremental willingness to pay: a theoretical and empirical exposition
• `Fair' welfare comparisons with heterogeneous tastes: subjective versus revealed preferences
• Multidimensional welfare rankings under weight imprecision: a social choice perspective
• The effects of uncertainty on the WTA-WTP gap
• How sure are you? — the properties of self-reported conviction in the elicitation of health preferences with discrete choice experiments
• Auction fever: rising revenue in second-price auction formats
• On the origin of the WTA-WTP divergence in public good valuation
• On reference dependence and complementary symmetry
• A review of WTA/WTP studies

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