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Author: | Kolstad, C. D. Guzman, R. M. |
Title: | Information and the divergence between willingness to accept and willingness to pay |
Journal: | Journal of Environmental Economics and Management
1999 : JUL, VOL. 38:1, p. 66-80 |
Index terms: | ECONOMICS BIDDING BUYING SELLING MODELS |
Language: | eng |
Abstract: | This study develops a theoretical bidding model with costly information acquisition to explain divergence. the model generates a gap between offers to sel and bids to buy consistent with the experimental results. |
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