IMPRECISE PREFERENCES AND THE WTP-WTA DISPARITY

被引：88

作者：

DUBOURG, WR

JONESLEE, MW

LOOMES, G

机构：

[1] Centre for Social and Economic Research on the Global Environment (CSERGE), University College London

[2] Centre for Social and Economic Research on the Global Environment (CSERGE), University of East Anglia

[3] Department of Economics, University of Newcastle Upon Tyne

[4] Department of Economics and Related Studies, and Centre for Experimental Economics, University of York

来源：

JOURNAL OF RISK AND UNCERTAINTY | 1994年 / 9卷 / 02期

关键词：

SAFETY; CONTINGENT VALUATION; IMPRECISE PREFERENCES; REFERENCE POINTS;

D O I：

10.1007/BF01064181

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article reports the results of a study designed to elicit willingness to pay (WTP) and willingness to accept (WTA) values for changes in the risk of nonfatal road injuries. We examine the possibility that individuals' preferences over combinations of wealth, risk, and safety are imprecise, and that this imprecision might result in the observed disparity between WTP and WTA measures of value. The results confirm that individuals' preferences for safety are significantly imprecise, but that this alone is insufficient to explain more than part of the disparity. Indeed, respondents' estimates of the minimum that they would be prepared to accept for a risk increase frequently exceed the maximum that they would be prepared to pay for an equivalent risk reduction.

引用

页码：115 / 133

页数：19

共 24 条

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BROOKSHIRE DS, 1987, AM ECON REV, V77, P554

[2] THE DISPARITY BETWEEN WILLINGNESS TO ACCEPT AND WILLINGNESS TO PAY MEASURES OF VALUE [J].