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Does anonymity affect the willingness to accept and willingness to pay gap? A generalization of Plott and Zeiler

✍ Scribed by Brown, Alexander L.; Cohen, Gregory

Book ID: 125360062
Publisher: Springer
Year: 2014
Tongue: English
Weight: 212 KB
Volume: 18
Category: Article
ISSN: 1386-4157
DOI: 10.1007/s10683-014-9394-z

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## Abstract Three measures of the value of time – willingness to pay (WTP) for a reduction in travel time, willingness to accept (WTA) a monetary compensation to forgo it, and the wage rate – are evaluated and compared. WTP and WTA were estimated from the two‐part regressions of time price, using c