79
Views
2
CrossRef citations to date
0
Altmetric
Original Articles

Willingness to pay and willingness to accept: a simple conceptual exposition

Pages 509-511 | Published online: 05 Oct 2010

References

  • Bateman , I. J. , Munro , A. , Rhodes , B. , Starmer , C. and Sugden , R. 1997 . A test of the theory of reference-dependent preferences . Quarterly Journal of Economics , 112 : 479 – 505 .
  • Franciosi , R. , Kujal , P. , Michelitsch , R. , Smith , V. and Deng , G. 1996 . Experimental tests of the endowment effect . Journal of Economic Behaviour and Organisation , 30 : 213 – 226 .
  • Hannemann , W. M. 1991 . Willingness to pay and willingness to accept: how much can they differ? . American Economic Review , 98 : 1325 – 1348 .
  • Kahneman , D. , Knetsch , J. L. and Thaler , R. H. 1990 . Experimental tests of the endowment effect and the Coase theorem . The Journal of Political Economy , 98 : 1325 – 1348 .
  • Knetsch , J. L. 1995 . Asymmetric valuation of gains and losses and preference order assumptions . Economic Inquiry , 38 : 138 – 141 .
  • Knetsch , J. L. 1989 . The endowment effect and evidence of nonreversible indifference curves . The American Economic Review , 79 : 1277 – 1284 .
  • Knetsch , J. L. and Sinden , J. A. 1984 . Willingness to pay and compensation demanded: experimental evidence of an unexpected disparity in measures of value . Quarterly Journal of Economics , 99 : 507 – 521 .
  • Morrison , G. C. 1997a . Willingness to pay and willingness to accept: some evidence of an endowment effect . Applied Economics , 29 : 411 – 417 .
  • Morrison , G. C. 1997b . Resolving differences in willingness to pay and willingness to accept: comment . American Economic Review , 87 : 236 – 240 .
  • Shogren , J. F. , Shin , S. Y. , Hayes , D. J. and Kliebenstein , J. B. 1994 . Resolving differences in willingness to pay and willingness to accept . American Economic Review , 84 : 255 – 270 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.