Incomplete preferences, willingness to pay, and willingness to accept

B-Tier
Journal: Economic Theory
Year: 2022
Volume: 74
Issue: 3
Pages: 727-761

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Abstract We derive representations of incomplete preferences in terms of willingness-to-pay measures. The paper demonstrates how these representations can be used to determine whether preferences are incomplete. We also study local approximations to incomplete preference structures and how attitudes to ambiguity affect willingness-to-pay measures.

Technical Details

RePEc Handle
repec:spr:joecth:v:74:y:2022:i:3:d:10.1007_s00199-021-01375-4
Journal Field
Theory
Author Count
3
Added to Database
2026-01-26