The WTP-WTA gap refers to a tendenc

The WTP-WTA gap refers to a tendency for an indi-
vidual to state a minimum amount for which that individual
is willing to “sell” an item that is greater than the maximum
amount the same individual is willing to pay to “buy” the
item. Under conditions of sufficiently smooth preferences
and the absence of wealth effects, the two magnitudes
should (theoretically) be the same. Some attribute observed
gaps to loss aversion: the notion that the loss of the item due
to a sale is more pronounced than a gain of the same item
due to a purchase. For this reason, WTP-WTA gaps have

Kết quả (Anh) 2:

The WTP-WTA gap Refers To a Tendency for an indi-
vidual to state a minimum amount for đó có the individual
is willing to "sell" an item is greater than the maximum có
the same amount the individual is willing to pay to "buy" the
item. Under fi ciently smooth conditionsEND_SPAN of SUF preferences
and the Absence of wealth effects, the two magnitudes
shouldnt (theoretically) be the same. Some attribute Observed
gaps to loss aversion: the notion là loss of the item Due
to a sale is more pronounced than a gain of the same item
Due to a purchase. For this reason, WTP-WTA gaps have