Reference-dependent valuations of risk: Why willingness-to-accept exceeds willingness-to-pay
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DOI: 10.1007/s11166-011-9132-2
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- Mark J. Koetse & Roy Brouwer, 2016. "Reference Dependence Effects on WTA and WTP Value Functions and Their Disparity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 65(4), pages 723-745, December.
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- Michal Lewandowski, 2014. "Buying and selling price for risky lotteries and expected utility theory with gambling wealth," Journal of Risk and Uncertainty, Springer, vol. 48(3), pages 253-283, June.
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More about this item
Keywords
Reference dependence; Health risks; Stated preference; Willingness to pay; WTA; WTP; D80; Q25; I10; H40;All these keywords.
JEL classification:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
- I10 - Health, Education, and Welfare - - Health - - - General
- H40 - Public Economics - - Publicly Provided Goods - - - General
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