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1 février 2011
- handle: 10670/1.g1v8xq
- halshs: halshs-00561474
info:eu-repo/semantics/OpenAccess
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Public good Good, Common Capitalization (Finance) Appraisal Property--Valuation Economic valuationCiter ce document
Emmanuel Flachaire et al., « On the origin of the wta-wtp divergence in public good valuation », HAL-SHS : économie et finance, ID : 10670/1.g1v8xq
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This paper tests whether individual perceptions of markets as good or bad for a public good is correlated with the propensity to report gaps in willingness to pay (WTP) and willingness to accept (WTA) revealed within an incentive compatible mechanism. Identifying people based on a notion of market affinity, we find a substantial part of the gap can be explained by controlling for some variables that were not controlled for before. This result suggests the valuation gap for public goods can be reduced through well-defined variables.