ScholarLens Back to search
2010•Applied Economics LettersRequires access

Do entreaties reduce the WTA–WTP disparity when valuing public goods?

María L. Loureiro, M.T. Andrés del Barrio

Open publisher page 1 citations

Abstract

In this work we investigate the effects of entreaties to reduce the disparity between willingness to pay (WTP) and willingness to accept (WTA) estimates in the valuation of a public program. We find that entreaties are very effective on reducing the hypothetical bias inherent to the WTA estimates, as well as the gap between both WTP and WTA welfare estimates. The success of such entreaties warrants future research in this area.

About this research paper

What this paper is about

In this work we investigate the effects of entreaties to reduce the disparity between willingness to pay (WTP) and willingness to accept (WTA) estimates in the valuation of a public program. We find that entreaties are very effective on reducing the hypothetical bias inherent to the WTA estimates, as well as the gap between both WTP and WTA welfare estimates. The success of such entreaties warrants future research in this area.

Why it matters

OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

In this work we investigate the effects of entreaties to reduce the disparity between willingness to pay (WTP) and willingness to accept (WTA) estimates in the valuation of a public program. We find that entreaties are very effective on reducing the hypothetical bias inherent to the WTA estimates, as well as the gap between both WTP and WTA welfare estimates. The success of such entreaties warrants future research in this area.

Key concepts: Willingness to accept, Willingness to pay, Contingent valuation, Public good, Economics, Welfare, Valuation (finance), Work (physics)

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Do entreaties reduce the WTA–WTP disparity when valuing public goods? — Research Paper | ScholarLens