메뉴 건너뛰기




Volumn 45, Issue 1, 2012, Pages 1-24

Does the WTA/WTP ratio diminish as the severity of a health complaint is reduced? Testing for smoothness of the underlying utility of wealth function

Author keywords

VSL; Willingness to accept; Willingness to pay

Indexed keywords


EID: 84862775058     PISSN: 08955646     EISSN: 15730476     Source Type: Journal    
DOI: 10.1007/s11166-012-9145-5     Document Type: Article
Times cited : (14)

References (29)
  • 4
    • 19644366052 scopus 로고    scopus 로고
    • Loss aversion without the endowment effect, and other explanations for WTA-WTP disparity
    • Brown, T. C. (2005). Loss aversion without the endowment effect, and other explanations for WTA-WTP disparity. Journal of Economic Behavior and Organization, 57, 367-379.
    • (2005) Journal of Economic Behavior and Organization , vol.57 , pp. 367-379
    • Brown, T.C.1
  • 5
    • 34249059639 scopus 로고    scopus 로고
    • Incentive and informational properties of preference questions
    • Carson, R., & Groves, T. (2007). Incentive and informational properties of preference questions. Environmental & Resource Economics, 37(1), 181-210.
    • (2007) Environmental & Resource Economics , vol.37 , Issue.1 , pp. 181-210
    • Carson, R.1    Groves, T.2
  • 6
    • 0032252316 scopus 로고    scopus 로고
    • On the contingent valuation of safety and the safety of contingent valuation: part 2-the CV/SG 'chained' approach
    • Carthy, T., Chilton, S., Covey, J., Hopkins, L., Jones-Lee, M., Loomes, G., et al. (1998). On the contingent valuation of safety and the safety of contingent valuation: part 2-the CV/SG 'chained' approach. Journal of Risk and Uncertainty, 17(3), 187-213.
    • (1999) Journal of Risk and Uncertainty , vol.17 , Issue.3 , pp. 187-213
    • Carthy, T.1    Chilton, S.2    Covey, J.3    Hopkins, L.4    Jones-Lee, M.5    Loomes, G.6
  • 8
    • 0000306717 scopus 로고    scopus 로고
    • Dynamic choice and the common ratio effect: an experimental investigation
    • Cubitt, R. P., Starmer, C., & Sugden, R. (1998). Dynamic choice and the common ratio effect: an experimental investigation. The Economic Journal, 108(450), 1362-1380.
    • (1998) The Economic Journal , vol.108 , Issue.450 , pp. 1362-1380
    • Cubitt, R.P.1    Starmer, C.2    Sugden, R.3
  • 9
    • 0000778762 scopus 로고
    • Estimation of state-dependent utility functions using survey data
    • Evans, W. N., & Viscusi, W. K. (1991). Estimation of state-dependent utility functions using survey data. Review of Economics and Statistics, 73(1), 94-104.
    • (1991) Review of Economics and Statistics , vol.73 , Issue.1 , pp. 94-104
    • Evans, W.N.1    Viscusi, W.K.2
  • 10
    • 0000418866 scopus 로고
    • Utility analysis of choices involving risk
    • Friedman, M., & Savage, L. J. (1948). Utility analysis of choices involving risk. Journal of Political Economy, 56(4), 279-304.
    • (1948) Journal of Political Economy , vol.56 , Issue.4 , pp. 279-304
    • Friedman, M.1    Savage, L.J.2
  • 11
    • 24044544252 scopus 로고    scopus 로고
    • The willingness to accept value of statistical life relative to the willingness to pay value: evidence and policy implications
    • Guria, J., Leung, J., Jones-Lee, M. J., & Loomes, G. (2005). The willingness to accept value of statistical life relative to the willingness to pay value: evidence and policy implications. Environmental and Resource Economics, 32(1), 113-127.
    • (2005) Environmental and Resource Economics , vol.32 , Issue.1 , pp. 113-127
    • Guria, J.1    Leung, J.2    Jones-Lee, M.J.3    Loomes, G.4
  • 12
    • 0000513914 scopus 로고
    • Willingness to pay and willingness to accept: how much can they differ?
    • Hanemann, W. M. (1991). Willingness to pay and willingness to accept: how much can they differ? The American Economic Review, 81(3), 635-647.
    • (1991) The American Economic Review , vol.81 , Issue.3 , pp. 635-647
    • Hanemann, W.M.1
  • 14
    • 79955019164 scopus 로고    scopus 로고
    • The willingness to pay-willingness to accept gap, the "endowment effect", subject misconceptions, and experimental procedures for eliciting valuations: comment
    • Isoni, A., Loomes, G., & Sugden, R. (2011). The willingness to pay-willingness to accept gap, the "endowment effect", subject misconceptions, and experimental procedures for eliciting valuations: comment. The American Economic Review, 101(2), 991-1011.
    • (2011) The American Economic Review , vol.101 , Issue.2 , pp. 991-1011
    • Isoni, A.1    Loomes, G.2    Sugden, R.3
  • 17
    • 0000125532 scopus 로고
    • Prospect theory: an analysis of decision under risk
    • Kahneman, D., & Tversky, A. (1979). Prospect theory: an analysis of decision under risk. Econometrica, 47(2), 263-292.
    • (1979) Econometrica , vol.47 , Issue.2 , pp. 263-292
    • Kahneman, D.1    Tversky, A.2
  • 18
    • 0041906967 scopus 로고
    • Choices, values and frames
    • Kahneman, D., & Tversky, A. (1984). Choices, values and frames. American Psychologist, 39(4), 341-350.
    • (1984) American Psychologist , vol.39 , Issue.4 , pp. 341-350
    • Kahneman, D.1    Tversky, A.2
  • 19
    • 77952890745 scopus 로고    scopus 로고
    • Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets
    • Loomes, G., Starmer, C., & Sugden, R. (2009). Preference reversals and disparities between willingness to pay and willingness to accept in repeated markets. Journal of Economic Psychology, 31(3), 374-387.
    • (2009) Journal of Economic Psychology , vol.31 , Issue.3 , pp. 374-387
    • Loomes, G.1    Starmer, C.2    Sugden, R.3
  • 20
    • 24044465094 scopus 로고    scopus 로고
    • The willingness to pay-willingness to accept gap, the "endowment effect", subject misconceptions, and experimental procedures for eliciting valuations
    • Plott, C. R., & Zeiler, K. (2005). The willingness to pay-willingness to accept gap, the "endowment effect", subject misconceptions, and experimental procedures for eliciting valuations. The American Economic Review, 95(3), 530-545.
    • (2005) The American Economic Review , vol.95 , Issue.3 , pp. 530-545
    • Plott, C.R.1    Zeiler, K.2
  • 21
    • 51449107178 scopus 로고    scopus 로고
    • Learning and fatigue during choice experiments: a comparison of online and mail survey modes
    • Savage, D. J., & Waldman, D. M. (2008). Learning and fatigue during choice experiments: a comparison of online and mail survey modes. Journal of Applied Econometrics, 23(3), 351-371.
    • (2008) Journal of Applied Econometrics , vol.23 , Issue.3 , pp. 351-371
    • Savage, D.J.1    Waldman, D.M.2
  • 23
    • 0000268935 scopus 로고    scopus 로고
    • Developments in non-expected utility theory: the hunt for a descriptive theory of choice under risk
    • Starmer, C. (2000). Developments in non-expected utility theory: the hunt for a descriptive theory of choice under risk. Journal of Economic Literature, 38(2), 332-382.
    • (2000) Journal of Economic Literature , vol.38 , Issue.2 , pp. 332-382
    • Starmer, C.1
  • 25
    • 0001076162 scopus 로고
    • Loss aversion in riskless choice: a reference-dependent model
    • Tversky, A., & Kahneman, D. (1991). Loss aversion in riskless choice: a reference-dependent model. Quarterly Journal of Economics, 106(4), 1039-1061.
    • (1991) Quarterly Journal of Economics , vol.106 , Issue.4 , pp. 1039-1061
    • Tversky, A.1    Kahneman, D.2
  • 26
    • 0011727023 scopus 로고
    • Wealth effects and earnings premiums for job hazards
    • Viscusi, W. K. (1978). Wealth effects and earnings premiums for job hazards. Review of Economics and Statistics, 60(3), 408-416.
    • (1978) Review of Economics and Statistics , vol.60 , Issue.3 , pp. 408-416
    • Viscusi, W.K.1
  • 27
    • 0041412752 scopus 로고    scopus 로고
    • The value of a statistical life: a critical review of market estimates throughout the world
    • Viscusi, W. K., & Aldy, J. E. (2003). The value of a statistical life: a critical review of market estimates throughout the world. Journal of Risk and Uncertainty, 27(1), 5-76.
    • (2003) Journal of Risk and Uncertainty , vol.27 , Issue.1 , pp. 5-76
    • Viscusi, W.K.1    Aldy, J.E.2
  • 28
    • 84856725834 scopus 로고    scopus 로고
    • Reference-dependent valuations of risk: why willingness-to-accept exceeds willingness-to-pay
    • Viscusi, W. K., & Huber, J. (2012). Reference-dependent valuations of risk: why willingness-to-accept exceeds willingness-to-pay. Journal of Risk and Uncertainty, 44(1), 19-44.
    • (2012) Journal of Risk and Uncertainty , vol.44 , Issue.1 , pp. 19-44
    • Viscusi, W.K.1    Huber, J.2
  • 29
    • 0001168742 scopus 로고
    • An investigation of the rationality of consumer valuations of multiple health risks
    • Viscusi, W. K., Magat, W. A., & Huber, J. (1987). An investigation of the rationality of consumer valuations of multiple health risks. The RAND Journal of Economics, 18(4), 465-479.
    • (1987) The RAND Journal of Economics , vol.18 , Issue.4 , pp. 465-479
    • Viscusi, W.K.1    Magat, W.A.2    Huber, J.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.