My da|ra Login

Detailed view

metadata language: English

Replication data for: The Willingness to Pay—Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment

Version
V0
Resource Type
Dataset
Creator
  • Isoni, Andrea
  • Loomes, Graham
  • Sugden, Robert
Publication Date
2011-04-01
Description
  • Abstract

    Plott and Zeiler (2005) report that the willingness-to-pay/willingness-to-accept disparity is absent for mugs in a particular experimental setting, designed to neutralize misconceptions about the procedures used to elicit valuations. This result has received sustained attention in the literature. However, other data from that same study, not published in that paper, exhibit a significant and persistent disparity when the same experimental procedures are applied to lotteries. We report new data confirming both results, thereby suggesting that the presence or absence of a disparity may be a more complex issue than some may have supposed. (JEL C91, D12, D81, D83)
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/aer.101.2.991 (Text)
Publications
  • Isoni, Andrea, Graham Loomes, and Robert Sugden. “The Willingness to Pay—Willingness to Accept Gap, the ‘Endowment Effect,’ Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment.” American Economic Review 101, no. 2 (April 2011): 991–1011. https://doi.org/10.1257/aer.101.2.991.
    • ID: 10.1257/aer.101.2.991 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-11

Isoni, Andrea; Loomes, Graham; Sugden, Robert (2011): Replication data for: The Willingness to Pay—Willingness to Accept Gap, the "Endowment Effect," Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Comment. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112419