Willingness To Pay and Willingness To Accept: How Much Can They Differ? Comment

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Overconfidence in investment decisions: An experimental approach (2005, background): “Morrison (1998) argues that even when controlling for learning, substitutability (Hanemann 1991 ), and respondents’ imprecise preferences (Dubourg et al , 1994 ) this disparity persists and thus lends support for the endowment effect: people value goods more highly once they own them.”
The economic conception of water (2005, background): “the WTP and WTA measures involves not only an income effect but also a substitution effect ( Hanemann, 1991 ).”
A new explanation for the WTP/WTA disparity (2001, background): “A second explanation is due to Hanemann (1991) : building on Randall and Stoll (1980), he argues that the lack of substitutes can generate large divergences between the compensating variation (CV) and equivalent variation (EV), and thus WTP and WTA.”
Is Meta-Analysis a Noah's Ark for Non-Market Valuation? (2002, background): “9. A similar argument to this one could be developed for the three consumer surplus concepts associated with quality or quantity changes by using Hanemann (1991) and adapting our earlier logic.”
Emotional Returns and Emotional Costs in Privately Held Family Businesses: Advancing Traditional Business Valuation (2008, background): “Hanemann (1991) and Shogren, Shin, Hayes, and Kliebenstein (1994) show that persons value assets that they possess more than assets that they do not possess.”