The endowment effect, the tendency to value possessions more than non-possessions, is a well-known departure from rational choice and has been replicated in numerous settings. We investigate the universality of the endowment effect, its evolutionary significance, and its dependence on environmental factors. We experimentally test for the endowment effect in an isolated and evolutionarily releva...

The article is devoted to solving the urgent problem of spatial development territorial communities on basis self-sufficiency and self-financing. purpose develop a methodology for substantiating directions based ability territories self-development, taking into account resource availability, management capacity, financial types community in context fiscal decentralization. objectives study are ...

Simple exchange experiments have identified the fact that participants trade their endowment less frequently than standard demand theory predicts. List (2003) finds, however, that the most experienced dealers acting on a well functioning market are not subject to this “endowment effect”. Thus, it seems that a lot of market experience is needed to overcome the “endowment effect”. In order to und...

The economy we study is comprised of a continuum of individuals. Each has a stochastic endowment that evolves continuously and independently of all other individuals’ endowment processes. Individuals are risk averse and would therefore like to insure their endowment processes. The mutual independence of their endowment processes makes it feasible for them to obtain this insurance by pooling the...

The endowment effect describes the bias that people often value things that they possess more than things they do not possess. Thus, they are often reluctant to trade items in their possession for items of equivalent value. Some nonhuman primates appear to share this bias with humans, but it remains an open question whether they show endowment effects to the same extent as humans do. We investi...

this study is related to an islamic project financing with a major focus on investigating the role of islamic finance in financing infrastructural development projects (toll roads, power plants, airports, and plants, as well as natural resource exploitation projects, such as hydroelectric dams, mining projects, oil and gas assets, and paper mills), especially in the context of pakistan. infrast...

Current reimbursement schemes imply different incentives for health care providers, among which there are the ones related to the adoption of technology. Several empirical studies have investigated the links between the pattern of medical technology adoption, particularly medical equipment, and a few determinant factors, among which reimbursement mechanisms. Most of these studies, however, focu...