The Endowment Effect and WTA: A Quasi-Experimental Test
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چکیده
منابع مشابه
The Endowment Effect and WTA: A Quasi-Experimental Test
This paperreporrsa test of the endowmenteffect in an economicanalysisof localizedair pollution. Regressiontechniquesare used to test the significanceof perceivedproperty rights on householdWTP for improvedair qualityversus WTA compensationto forgo an improvementin air quality. Ourexperimentcontributesto the researchintothe WTP/WTAdivergenceby providing a new basis for supportingthe existenceof ...
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ing from the sentimental value of the gift: If you would not have received the gift, how much would you be willing to pay to obtain it? In two other versions of the survey, to obtain a measure of their WTA, we asked the students instead Abstracting the sentimental value of the gift: How much would somebody have to pay you to induce you giving the gift away?ing the sentimental value of the gift:...
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15 صفحه اولSalience in Experimental Tests of the Endowment Effect
Starting with Knetsch (1989), experiments on the “endowment effect” (Thaler 1980) typically rely on a two-stage procedure. In the first stage, subjects are endowed with a good, such as a mug. In the second stage, the same subjects are given the opportunity to trade this good for another good of similar value, such as a pen. The endowment effect holds that very few subjects chose to trade, somet...
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ژورنال
عنوان ژورنال: Journal of Agricultural and Applied Economics
سال: 1994
ISSN: 1074-0708,2056-7405
DOI: 10.1017/s1074070800026456