Does the elicitation method impact the WTA/WTP disparity?

Sarah Brebner and Joep Sonnemans ()

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2018, vol. 73, issue C, 40-45

Abstract: The size of the Willingness To Accept (WTA)/Willingness To Pay (WTP) disparity is compared using the Becker–DeGroot–Marschak (BDM) and multiple price list (MPL) methods. A robust WTA/WTP disparity is found using both elicitation methods. The MPL elicitation method appears to result in a slightly larger effect compared with the BDM method, contradicting claims that misconceptions specific to the BDM method are a driving force of the WTA/WTP disparity.

Keywords: WTA/WTP gap; Endowment effect; Elicitation method (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:73:y:2018:i:c:p:40-45

DOI: 10.1016/j.socec.2018.01.006

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