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An exact relation between willingness to pay and willingness to accept

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  • Weber, Thomas A.

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  • Weber, Thomas A., 2003. "An exact relation between willingness to pay and willingness to accept," Economics Letters, Elsevier, vol. 80(3), pages 311-315, September.
    • Handle: RePEc:eee:ecolet:v:80:y:2003:i:3:p:311-315
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    References listed on IDEAS

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    1. Randall, Alan & Stoll, John R, 1980. "Consumer's Surplus in Commodity Space," American Economic Review, American Economic Association, vol. 70(3), pages 449-455, June.
    2. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    3. Daniel Kahneman & Jack L. Knetsch & Richard H. Thaler, 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 193-206, Winter.
    4. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-647, June.
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    Cited by:

    1. Vladimir Novak & Andrei Matveenko & Silvio Ravaioli, 2021. "The Status Quo and Belief Polarization of Inattentive Agents: Theory and Experiment," Working Papers 674, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    2. AKA, Bedia François, 2016. "Quantitative Impacts Of Basic Income Grant On Income Distribution In Cote D’Ivoire: Time To Change Our Societies," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 25(1), pages 159-170.
    3. Robert Reilly & Douglas Davis, 2015. "The effects of uncertainty on the WTA–WTP gap," Theory and Decision, Springer, vol. 78(2), pages 261-272, February.
    4. Weber, Thomas A., 2012. "An augmented Becker–DeGroot–Marschak mechanism for transaction cycles," Economics Letters, Elsevier, vol. 114(1), pages 43-46.
    5. Ildephonse, Musafili, 2015. "An Economic Analysis Of Farmers’ Preferences For Participatory Management Of Volcanoes National Park In Rwanda," Research Theses 265680, Collaborative Masters Program in Agricultural and Applied Economics.
    6. Rudy Santore, 2014. "Noxious Facilities, Environmental Damages, and Efficient Randomized Siting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(1), pages 101-116, January.
    7. Thomas A. Weber, 2010. "Hicksian Welfare Measures and the Normative Endowment Effect," American Economic Journal: Microeconomics, American Economic Association, vol. 2(4), pages 171-194, November.
    8. Douglas D. Davis & Robert J. Reilly, 2012. "On Uncertainty and the WTA-WTP Gap," Economics Bulletin, AccessEcon, vol. 32(3), pages 2594-2605.

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