The willingness to pay-willingness to accept gap, the ‘endowment effect,’ subject misconceptions, and experimental procedures for eliciting valuations: comment
No WTP-WTA disparity for mugs under Plott and Zeiler's procedures; unpublished data from the same study show a significant and persistent disparity for lotteries; new data confirm both results.
No WTP-WTA disparity for mugs under Plott and Zeiler's procedures; unpublished data from the same study show a significant and persistent disparity for lotteries; new data confirm both results.
Written from the abstract read 2026-10-12.
What our sources record
Reproduced as it was written when this source was checked, figures and all.
doi:10.1257/aer.101.2.991. Abstract read: no WTP-WTA disparity for mugs under Plott and Zeiler's procedures; unpublished data from the same study show a significant and persistent disparity for lotteries; new data confirm both results.