Experimental tests of the endowment effect

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dc.contributor.author Franciosi, Robert
dc.contributor.author Kujal, Praveen
dc.contributor.author Michelitsch, Roland
dc.contributor.author Smith, Vernon
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2008-09-04T08:55:08Z
dc.date.available 2008-09-04T08:55:08Z
dc.date.issued 1994-06
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/2915
dc.description.abstract The discrepancy between WTA and WTP is supposed to be a manifestation of the endowment effect (KKT). The discrepancy between the average WTA-WTP disappears in the sense of statistical significance (Shogren et. at.) in settings with repeated interactions. In this paper we reexamine the KKT experimental procedures for identifying an endowment effect for consumer goods. No evidence of income or role effects is found. We show that even though the discrepancy between WTA-WTP diminishes undertrading can still persist in markets.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Papers. Economics
dc.relation.ispartofseries 1994-19-10
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Endowment Effect
dc.subject.other Willingness to Accept
dc.subject.other Willingness to Pay
dc.subject.other Undertrading
dc.title Experimental tests of the endowment effect
dc.type workingPaper
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
dc.type.version submitedVersion
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