Kling, Catherine Louise; List, John A.; Zhao, Jinhua - Center for Agricultural and Rural Development (CARD), … - 2003
willingness to accept (WTA)—a dynamic neoclassical theory based on the presence of commitment costs. While to date neoclassical …
between willingness to pay (WTP) and willingness to accept (WTA)—a dynamic
neoclassical theory based on the presence of … values are
predicted to exceed WTA values—oftentimes are met.
Keywords: field experiment, neoclassical theory …