Working Out the Willingness to Accept and Willingness to Pay Gap Using Economics, Psychology, and Happiness Approaches to Valuation
The gap between willingness to accept and willingness to pay is an outcome of incomplete valuation procedure. The solution then is a complete valuation procedure. One approach presented in this paper focuses on the income and substitution effects as the missing items to the valuation procedure. Anot...
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| Format: | text |
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Archīum Ateneo
2013
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| Online Access: | https://archium.ateneo.edu/economics-faculty-pubs/129 https://link.springer.com/article/10.1007/s11482-013-9271-5 |
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| Institution: | Ateneo De Manila University |