Does the elicitation method impact the WTA/WTP disparity?
| Authors |
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| Publication date | 04-2018 |
| Journal | Journal of Behavioral and Experimental Economics |
| Volume | Issue number | 73 |
| Pages (from-to) | 40-45 |
| Organisations |
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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. |
| Document type | Article |
| Note | With supplementary materials |
| Language | English |
| Published at |
https://doi.org/10.1016/j.socec.2018.01.006
(Final published version)
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