haku: @indexterm Experience / yhteensä: 231
viite: 95 / 231
| Tekijä: | List, J. A. |
| Otsikko: | Substitutability, experience, and the value disparity: evidence from the marketplace |
| Lehti: | Journal of Environmental Economics and Management
2004 : MAY, VOL. 47:3, p. 486-509 |
| Asiasana: | experience field research incentives markets |
| Kieli: | eng |
| Tiivistelmä: | It is suggested that important disparities exist between willigness to pay and compensation demanded for the same good. These results, which contradict closely held economic doctrines, have led to a call for an entirely new economic paradigm to replace conventional neoclassical theory. This study examines over 350 individual decisions across two incentive-compatible elicitation mechanisms at a well-functioning marketplace. The results suggest that behaviour of individuals with intense experience approaches neoclassical predictions: any observed WTA/WTP disparity amongst this group is negligible. |
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