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.author Deng, Gang
dc.date.accessioned 2012-07-23T07:45:59Z
dc.date.available 2012-07-23T07:45:59Z
dc.date.issued 1996-08
dc.identifier.bibliographicCitation Journal of Economic Behavior & Organization. (Agosto 1996), vol. 30, nº 2, p. 213-226
dc.identifier.issn 0167-2681
dc.identifier.uri http://hdl.handle.net/10016/5350
dc.description.abstract The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingness-to-pay, is studied using responses that remove all reference to buying or selling and focuses only on choice tasks. The results significantly lower the willingness-to-pay/willingness-to accept discrepancy, but the latter is still significant. A high efficiency open display uniform price auction is used to exchange mugs for money. Since mugs are randomly assigned to half of 2N subjects, N/2 mugs are predicted to trade. Less than N/2 mugs trade on average, but more than previously reported. The phenomenon exists but is less prominent than reported previously.
dc.format.mimetype text/plain
dc.format.mimetype application/pdf
dc.language.iso eng
dc.publisher Elsevier
dc.rights ©Elsevier
dc.subject.other Experimental economics
dc.subject.other Choice behavior
dc.title Experimental tests of the endowment effect
dc.type article
dc.type.review PeerReviewed
dc.description.status Publicado
dc.relation.publisherversion http://dx.doi.org/10.1016/S0167-2681(96)00858-X
dc.subject.jel C91
dc.subject.jel C92
dc.subject.eciencia Economía
dc.identifier.doi 10.1016/S0167-2681(96)00858-X
dc.rights.accessRights openAccess
dc.type.version acceptedVersion
dc.identifier.publicationfirstpage 213
dc.identifier.publicationissue 2
dc.identifier.publicationlastpage 226
dc.identifier.publicationtitle Journal of Economic Behavior & Organization
dc.identifier.publicationvolume 30
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