Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/49689 
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dc.contributor.authorLoomes, Grahamen
dc.contributor.authorStarmer, Chrisen
dc.contributor.authorSugden, Roberten
dc.date.accessioned2011-09-26T13:24:22Z-
dc.date.available2011-09-26T13:24:22Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aThe University of Nottingham, Centre for Decision Research and Experimental Economics (CeDEx) |cNottinghamen
dc.relation.ispartofseries|aCeDEx Discussion Paper Series |x2009-24en
dc.subject.jelC91en
dc.subject.ddc330en
dc.subject.keywordpreference reversalen
dc.subject.keywordwillingness to accepten
dc.subject.keywordwillingness to payen
dc.subject.keywordrepeated marketen
dc.subject.stwSozialforschungen
dc.subject.stwVerhaltensökonomiken
dc.subject.stwPräferenztheorieen
dc.subject.stwWillingness to payen
dc.subject.stwTesten
dc.titlePreference reversals and disparities between willingness to pay and willingness to accept in repeated markets-
dc.typeWorking Paperen
dc.identifier.ppn615015913en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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