Experimental tests of the endowment effect

Journal of Economic Behavior and Organization

Volumn 30, Issue 2, 1996, Pages 213-226

  Franciosi, Robert ^a   Kujal, Praveen ^a   Michelitsch, Roland ^a   Smith, Vernon ^a   Deng, Gang ^a  

^a UNIVERSITY OF ARIZONA   (United States)

Author keywords

Choice behavior; Experimental economics

Indexed keywords

EID: 0030210979     PISSN: 01672681     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-2681(96)00858-X     Document Type: Article

References (13)

1. Becker, G.M., M.H. DeGroot and J. Marschak, 1964, Measuring utility by a single response sequential method, Behavioral Science, 9, 226-232.
2. Coursey, D., J. Hovis and W. Schutze, 1987, On the supposed disparity between willingness-to-accept and willingness-to-pay measures of value, Quarterly Journal of Economics, 102, 679-690.
3. Franciosi, R., P. Kujal, R. Michelitsch, V. Smith and G. Deng, 1994 March, Fairness: Effect on temporary and equilibrium prices in posted offer markets, Economic Science Laboratory, (University of Arizona, Tucson, AZ) to appear Economic Journal.
4. Friedman, D., 1991, How trading institutions affect financial market performance: Some laboratory evidence, Working paper 221, (University of California, Economics Department, Santa Cruz, CA).
5. Kahneman, D. and A. Tversky, 1979, Prospect theory: An analysis of decision under risk, Econometrica, 47, 263-291.
6. Kahneman, D., J. Knetsch and R. Thaler, 1991, Experimental tests of the endowment effect and the coase theorem, Journal of Political Economy, 98, 1990, pp.1325-1348; Reprinted in Richard Thaler, Quasi Rational Economics, (Russel Sage Foundation, New York), pp. 167-188.
7. Kahneman, D., J. Knetsch and R. Thaler, 1991, Experimental tests of the endowment effect and the coase theorem, Journal of Political Economy, 98, 1990, pp.1325-1348; Reprinted in Richard Thaler, Quasi Rational Economics, (Russel Sage Foundation, New York), pp. 167-188.
8. McCabe, K.A., S.J. Rassenti and V.L. Smith, 1993, Designing a uniform price double auction: An experimental evaluation, In: D. Friedman and J. Rust, Eds., The Double Auction Market Institutions, Theories, and Evidence, (Addison-Wesley, Reading, MA).
9. Shogren, J.F., S.Y. Shin, D.J. Hayes and J.B. Kliebenstein, 1994, Resolving differences in willingness to pay and willingness to accept, American Economic Review, 84, 255-270.
10. Smith, V.L., 1976, Experimental economics: Induced value theory, The American Economic Review, 66, 274-279.
11. Smith, Vernon, W. Williams Arlington, W. Kenneth Bratton and Michael G. Vannoni, 1982, Competitive market institutions: Double auctions vs sealed bid-office auctions, American Economic Review, 72, 58-77.
12. Thaler, R., 1980, Toward a positive theory of consumer choice, Journal of Economic Behavior and Organization, 1, 39-60.
13. Thaler, R. and E. Johnson, 1990, Gambling with the house money and trying to break even: The effects of prior outcomes or risky choice, Management Science, 36, 643-660.