Imprecise preferences and the WTP-WTA disparity

DOI10.1007/BF01064181MaRDI QIDQ1342888zbMATH OpenFDO

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)

zbMATH Keywords

contingent valuationreference pointswillingness to paysafetyimprecise preferences

Mathematics Subject Classification ID

Individual preferences (91B08)

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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
• Auction fever: rising revenue in second-price auction formats
• How sure are you? — the properties of self-reported conviction in the elicitation of health preferences with discrete choice experiments
• 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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