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Applied Economics Letters Volume 18, 2011 - Issue 6
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Original Articles

Do entreaties reduce the WTA–WTP disparity when valuing public goods?

Maria L. Loureiro Departamento de Fundamentos da Análise Económica, Universidade de Santiago de Compostela, 15782, Santiago de Compostela, SpainCorrespondence[email protected]
&
Melina Barrio IDEGA, Universidade de Santiago de Compostela, 15782, Santiago de Compostela, Spain
Pages 581-584 | Published online: 07 Dec 2010

References

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  • Boyce , R. , Brown , T. C. , McClelland , G. H. , Peterson , G. L. and Schulze , W. D. 1992 . An experimental examination of intrinsic values as a source of the WTA-WTP disparity . The American Economic Review , 82 : 1366 – 73 .
  • Cummings , R. D. and Taylor , L. O. 1999 . Unbiased value estimates for environmental goods: a cheap talk design for the contingent valuation method . American Economic Review , 89 : 649 – 65 .
  • Hanemann , W. M. 1991 . Willingness to pay and willingness to accept: how much can they differ? . The American Economic Review , 81 : 635 – 47 .
  • Horowitz , J. K. and McConnell , K. E. 2002 . A review of WTA/WTP studies . Journal of Environmental Economics and Management , 44 : 426 – 47 .
  • Kaheman , D. and Tversky , A. 1979 . Prospect theory: an analysis of decision under risk . Econometrica , 47 : 263 – 91 .
  • Loureiro , M. L. , Loomis , J. B. and Nahuelhual , L. 2004 . A comparison of a parametric and a non-parametric method to value a non-rejectable public good . Journal of Forest Economics , 10 : 61 – 74 .
  • Zhao , J. and Kling , C. L. 2001 . A new explanation for the WTP/WTA disparity . Economics Letters , 73 : 293 – 300 .

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