| Authors |
|
| Publication date |
04-2018
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| Journal |
Journal of Behavioral and Experimental Economics
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| Volume | Issue number |
73
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| Pages (from-to) |
40-45
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| Organisations |
-
Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
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Faculty of Economics and Business (FEB)
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| Abstract |
The size of the Willingness To Accept (WTA)/Willingness To Pay (WTP) disparity is compared using the Becker-DeGroot-Marschak (BDM) and multiple price list (MPL) methods. A robust WTA/WTP disparity is found using both elicitation methods. The MPL elicitation method appears to result in a slightly larger effect compared with the BDM method, contradicting claims that misconceptions specific to the BDM method are a driving force of the WTA/WTP disparity.
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| Document type |
Article
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| Note |
With supplementary materials
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| Language |
English
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| Published at |
https://doi.org/10.1016/j.socec.2018.01.006
|
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