Common consequence effects in pricing and choice
This paper presents an experimental study of common consequence effects in binary choice, willingness-to-pay (WTP) elicitation, and willingness-to-accept (WTA) elicitation. We find strong evidence in favor of the fanning out hypothesis (Machina, Econometrica 50:277-323, 1982) for both WTP and WTA. I...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
2014
|
| In: |
Theory and decision
Year: 2013, Volume: 76, Issue: 1, Pages: 1-7 |
| ISSN: | 1573-7187 |
| DOI: | 10.1007/s11238-012-9349-9 |
| Online Access: | Verlag, Volltext: https://doi.org/10.1007/s11238-012-9349-9
|
| Author Notes: | Ulrich Schmidt, Stefan T. Trautmann |
Search Result 1
