search query: @author Kolstad, C. D. / total: 7
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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.
SCIMA record nr: 193806
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