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dc.contributor.authorLoomes, Grahamen_US
dc.contributor.authorStarmer, Chrisen_US
dc.contributor.authorSugden, Roberten_US
dc.date.accessioned2011-09-26T13:24:22Z-
dc.date.available2011-09-26T13:24:22Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/49689-
dc.description.abstractPrevious studies suggest that two otherwise robust 'anomalies' - preference reversals and disparities between buying and selling valuations - are eroded when respondents participate in repeated markets. We report an experiment which investigates whether this is true when factors neglected in previous studies are controlled, and which distinguishes between anomalies revealed in the behaviour of individual market participants and anomalies revealed in market prices. Our results confirm the decay of buy/sell disparities, but not of preference reversal. This raises doubts about the hypothesis that, in general, repeated markets reveal anomaly-free preferences, even among the marginal traders who determine prices.en_US
dc.language.isoengen_US
dc.publisherCEDEX Nottinghamen_US
dc.relation.ispartofseriesCeDEx discussion paper series 2009-24en_US
dc.subject.jelC91en_US
dc.subject.ddc330en_US
dc.subject.keywordpreference reversalen_US
dc.subject.keywordwillingness to accepten_US
dc.subject.keywordwillingness to payen_US
dc.subject.keywordrepeated marketen_US
dc.subject.stwSozialforschungen_US
dc.subject.stwVerhaltensökonomiken_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwWillingness to payen_US
dc.subject.stwTesten_US
dc.titlePreference reversals and disparities between willingness to pay and willingness to accept in repeated marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn615015913en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:CeDEx Discussion Paper Series, The University of Nottingham

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