Incomplete preferences, willingness to pay, and willingness to accept

被引：5

作者：

Chambers, Robert G. ^{[1
,2
]}

Melkonyan, Tigran ^{[3
]}

Quiggin, John ^{[2
]}

机构：

[1] Univ Maryland, College Pk, MD 20742 USA

[2] Univ Queensland, Brisbane, Qld, Australia

[3] Univ Alabama, Tuscaloosa, AL 35487 USA

来源：

ECONOMIC THEORY | 2022年 / 74卷 / 03期

关键词：

Incomplete preferences; Multiple priors; Translation function; Elicitation; EXPECTED-UTILITY; DUAL THEORY; RISK; COMPLETENESS; UNCERTAINTY; CHOICE; AMBIGUITY; REPRESENTATION; DECISIONS; AVERSION;

D O I：

10.1007/s00199-021-01375-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We derive representations of incomplete preferences in terms of willingness-to-pay measures. The paper demonstrates how these representations can be used to determine whether preferences are incomplete. We also study local approximations to incomplete preference structures and how attitudes to ambiguity affect willingness-to-pay measures.

引用

页码：727 / 761

页数：35

共 50 条

[1] Incomplete preferences, willingness to pay, and willingness to accept
Robert G. Chambers
Tigran Melkonyan
John Quiggin
[J]. Economic Theory, 2022, 74 : 727 - 761
[2] Willingness to accept, willingness to pay and the income effect
Horowitz, JK
McConnell, KE
[J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2003, 51 (04) : 537 - 545
[3] Framing Influences Willingness to Pay but Not Willingness to Accept
Yang, Yang
Vosgerau, Joachim
Loewenstein, George
[J]. JOURNAL OF MARKETING RESEARCH, 2013, 50 (06) : 725 - 738
[4] A NOTE ON WILLINGNESS-TO-PAY AND WILLINGNESS TO ACCEPT
EBERT, U
[J]. SOCIAL CHOICE AND WELFARE, 1993, 10 (04) : 363 - 370
[5] RESOLVING DIFFERENCES IN WILLINGNESS-TO-PAY AND WILLINGNESS TO ACCEPT
SHOGREN, JF
SHIN, SY
HAYES, DJ
KLIEBENSTEIN, JB
[J]. AMERICAN ECONOMIC REVIEW, 1994, 84 (01): : 255 - 270
[6] An exact relation between willingness to pay and willingness to accept
Weber, TA
[J]. ECONOMICS LETTERS, 2003, 80 (03) : 311 - 315
[7] Willingness to pay and willingness to accept: a simple conceptual exposition
Thampapillai, DJ
[J]. APPLIED ECONOMICS LETTERS, 2000, 7 (08) : 509 - 511
[8] Information and the divergence between willingness to accept and willingness to pay
Kolstad, CD
Guzman, RM
[J]. JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1999, 38 (01) : 66 - 80
[9] Resolving differences in willingness to pay and willingness to accept: Reply
Shogren, JF
Hayes, DJ
[J]. AMERICAN ECONOMIC REVIEW, 1997, 87 (01): : 241 - 244
[10] Determinants of the magnitude of willingness to accept relative to willingness to pay
Shefrin, H
Caldwell, D
[J]. JOURNAL OF BEHAVIORAL DECISION MAKING, 2001, 14 (02) : 87 - 105

← 1 2 3 4 5 →