Does the elicitation method impact the WTA/WTP disparity?

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2018
Volume: 73
Issue: C
Pages: 40-45

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

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.

Technical Details

RePEc Handle
repec:eee:soceco:v:73:y:2018:i:c:p:40-45
Journal Field
Experimental
Author Count
2
Added to Database
2026-01-29