Can stated measures of willingness-to-accept be valid? Evidence from laboratory experiments
نویسندگان
چکیده
منابع مشابه
Experimental Evidence on the Divergence Between Measures of Willingness to Pay and Willingness to Accept: The Role of Value Uncertainty
One of the most robust findings in experimental analysis in economics is that subjects often display a large discrepancy between the dollar value they are willing to accept in order to sell an item (WTA) and the dollar value they are willing to pay to purchase it (WTP). We suggest that often when individuals face purchase or sale decisions, the actual private value of an object is uncertain. Th...
متن کاملCalibration of Willingness-to-Accept
This paper calibrates real and hypothetical willingness-to-accept estimates elicited for consumer goods in a multi-unit, random nth-price auction. Using a within-subject experimental design, we find that people understated their real willingness to accept in the hypothetical regimes, framed both as demand and non-demand revealing. After controlling for personspecific effects, however, hypotheti...
متن کاملEpistemic contextualism can be stated properly
It has been argued that epistemic contextualism faces the so-called factivity problem and hence cannot be stated properly. The basic idea behind this charge is that contextualists supposedly have to say, on the one hand, that knowledge ascribing sentences like “S knows that S has hands” are true when used in ordinary contexts while, on the other hand, they are not true by the standard of their ...
متن کاملWillingness-To-Accept Pharmaceutical Retail Inconvenience: Evidence from a Contingent Choice Experiment
OBJECTIVES Restrictions on retail purchases of pseudoephedrine are one regulatory approach to reduce the social costs of methamphetamine production and use, but may impose costs on legitimate users of nasal decongestants. This is the first study to evaluate the costs of restricting access to medications on consumer welfare. Our objective was to measure the inconvenience cost consumers place on ...
متن کاملWillingness to Pay for Quality Improvements: Should Revealed and Stated Preference Data be Combined?*
In this paper we propose theoretically consistent welfare measurement of use and nonuse values for an improvement in environmental quality with revealed and stated preference data. An analytical model based on the comparative static analysis of the variation function that describes the relationship between recreation demand and dichotomous choice contingent valuation models is estimated. Our re...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Environmental Economics and Management
سال: 2018
ISSN: 0095-0696
DOI: 10.1016/j.jeem.2018.07.003