Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/49380 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Kiel Working Paper No. 1727
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
There is a large literature showing that willingness-to-accept (WTA) is usually much higher than willingness-to-pay (WTP) in empirical studies although they should be roughly equal according to traditional economic theory. A second stream of literature shows that people are typically ambiguity averse, i.e. they prefer lotteries with known probabilities over lotteries with unknown ones. Our study combines both streams of literature and analyzes whether there is an interaction between the WTP-WTA disparity and ambiguity aversion.
Schlagwörter: 
WTP-WTA disparity
ambiguity aversion
comparative ignorance
JEL: 
C91
D81
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
827.41 kB





Publikationen in EconStor sind urheberrechtlich geschützt.