Willingness to pay and willingness to accept: how much can they differ? Comment
Article Abstract:
A critical analysis of a study on the consumers' willingness to pay and willingness to accept the price of and for the same product is discussed and the reasons for the differences are analyzed.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
Washington, Equipment Purchase Analysis, Purchasing
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
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Comment about this article or add new information about this topic:
The willingness to pay - willingness to accept gap, the 'endowment effect,' subject misconceptions, and experimental procedures for eliciting valuations.
Article Abstract:
Role of endowment effect in the difference between 'willingness to pay' price and 'willingness to accept' price is analyzed.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2005
United States, Pricing Policy, Pricing, Product price, Endowment effect
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Analysis, Consumer behavior, Consumer behaviour
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