메뉴 건너뛰기




Volumn 88, Issue 2, 2006, Pages 448-457

The effect of initial endowments in experimental auctions

Author keywords

Endowment effect; Experimental auctions; Reciprocity; Top dog effect

Indexed keywords

AGRICULTURAL ECONOMICS; MARKETING;

EID: 33645749257     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1111/j.1467-8276.2006.00870.x     Document Type: Article
Times cited : (58)

References (52)
  • 1
    • 0038017240 scopus 로고    scopus 로고
    • "European Consumers' Willingness to Pay for U.S. Beef in Experimental Auction Markets"
    • Alfnes, F., and K. Rickertsen. 2003. "European Consumers' Willingness to Pay for U.S. Beef in Experimental Auction Markets." American Journal of Agricultural Economics 85: 396-405.
    • (2003) American Journal of Agricultural Economics , vol.85 , pp. 396-405
    • Alfnes, F.1    Rickertsen, K.2
  • 6
    • 0036704136 scopus 로고    scopus 로고
    • "Understanding Social Preferences with Simple Tests"
    • Charness, G., and J. Rabin. 2002. "Understanding Social Preferences with Simple Tests." Quarterly Journal of Economics 117: 817-969.
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 817-969
    • Charness, G.1    Rabin, J.2
  • 7
    • 17644408679 scopus 로고    scopus 로고
    • "House Money Effects in Public Good Experiments"
    • Clark, J. 2002. "House Money Effects in Public Good Experiments." Experimental Economics 5: 223-31.
    • (2002) Experimental Economics , vol.5 , pp. 223-231
    • Clark, J.1
  • 8
    • 7744222510 scopus 로고    scopus 로고
    • "Laboratory Testbeds and Nonmarket Valuation: The Case of Bidding Behavior in a Second Price Auction with an Outside Option"
    • Cherry, T., P. Frykblom, J. List, J. Shogren, and M. Williams. 2004. "Laboratory Testbeds and Nonmarket Valuation: The Case of Bidding Behavior in a Second Price Auction with an Outside Option." Environmental and Resource Economics 29: 285-94.
    • (2004) Environmental and Resource Economics , vol.29 , pp. 285-294
    • Cherry, T.1    Frykblom, P.2    List, J.3    Shogren, J.4    Williams, M.5
  • 10
    • 17844368131 scopus 로고    scopus 로고
    • "Is the Experimental Auction a Dynamic Market?"
    • Corrigan, J. 2005. "Is the Experimental Auction a Dynamic Market?" Environmental and Resource Economics 31: 35-45.
    • (2005) Environmental and Resource Economics , vol.31 , pp. 35-45
    • Corrigan, J.1
  • 11
    • 84858569942 scopus 로고    scopus 로고
    • "Posted Prices and Affiliated Values: Evidence from Experimental Auctions"
    • Forthcoming. In press
    • Corrigan, J., and M. Rousu. Forthcoming. "Posted Prices and Affiliated Values: Evidence from Experimental Auctions." American Journal of Agricultural Economics, In press.
    • American Journal of Agricultural Economics
    • Corrigan, J.1    Rousu, M.2
  • 12
    • 0000590409 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions: Comment"
    • Cox, J., V. Smith, and J. Walker. 1992. "Theory and Misbehavior of First-Price Auctions: Comment." American Economic Review 82: 1392-412.
    • (1992) American Economic Review , vol.82 , pp. 1392-1412
    • Cox, J.1    Smith, V.2    Walker, J.3
  • 15
    • 0038720249 scopus 로고
    • "Determinants of Consumer Acceptability of Bovine Somatotropin"
    • Fox, J. 1995. "Determinants of Consumer Acceptability of Bovine Somatotropin." Review of Agricultural Economics 17: 51-62.
    • (1995) Review of Agricultural Economics , vol.17 , pp. 51-62
    • Fox, J.1
  • 16
    • 0029284242 scopus 로고
    • "A Comparison of Preferences for Pork Sandwiches Produced from Animals with and without Somatotropin Administration"
    • Fox, J., B. Buhr, J. Shogren, J. Kliebenstein, and D. Hayes. 1995. "A Comparison of Preferences for Pork Sandwiches Produced from Animals with and without Somatotropin Administration." Journal of Animal Science 73: 1048-54.
    • (1995) Journal of Animal Science , vol.73 , pp. 1048-1054
    • Fox, J.1    Buhr, B.2    Shogren, J.3    Kliebenstein, J.4    Hayes, D.5
  • 17
    • 0028391399 scopus 로고
    • "Consumer Acceptability of Milk from Cows Treated with Bovine Somatotropin"
    • Fox, J., D. Hayes, J. Kliebenstein, and J. Shogren. 1994. "Consumer Acceptability of Milk from Cows Treated with Bovine Somatotropin." Journal of Dairy Science 77: 703-07.
    • (1994) Journal of Dairy Science , vol.77 , pp. 703-707
    • Fox, J.1    Hayes, D.2    Kliebenstein, J.3    Shogren, J.4
  • 18
    • 0036103774 scopus 로고    scopus 로고
    • "Consumer Preferences for Food Irradiation: How Favorable and Unfavorable Descriptions Affect Preferences for Irradiated Pork in Experimental Auctions"
    • Fox, J., D. Hayes, and J. Shogren. 2002. "Consumer Preferences for Food Irradiation: How Favorable and Unfavorable Descriptions Affect Preferences for Irradiated Pork in Experimental Auctions." Journal of Risk and Uncertainty 24: 75-95.
    • (2002) Journal of Risk and Uncertainty , vol.24 , pp. 75-95
    • Fox, J.1    Hayes, D.2    Shogren, J.3
  • 19
    • 0000590409 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions: Comment"
    • Friedman, D. 1992. "Theory and Misbehavior of First-Price Auctions: Comment." American Economic Review 82: 1374-78.
    • (1992) American Economic Review , vol.82 , pp. 1374-1378
    • Friedman, D.1
  • 20
    • 0000709936 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions"
    • Harrison, G. 1989. "Theory and Misbehavior of First-Price Auctions." American Economic Review 79: 749-62.
    • (1989) American Economic Review , vol.79 , pp. 749-762
    • Harrison, G.1
  • 21
    • 0000590409 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions: Reply"
    • Harrison, G. 1992. "Theory and Misbehavior of First-Price Auctions: Reply." American Economic Review 82: 1426-43.
    • (1992) American Economic Review , vol.82 , pp. 1426-1443
    • Harrison, G.1
  • 24
    • 0001165157 scopus 로고    scopus 로고
    • "Social Distance and Other-Regarding Behavior in Dictator Games"
    • Hoffman, E., K. McCabe, and V. Smith. 1996. "Social Distance and Other-Regarding Behavior in Dictator Games." American Economic Review 86: 653-60.
    • (1996) American Economic Review , vol.86 , pp. 653-660
    • Hoffman, E.1    McCabe, K.2    Smith, V.3
  • 25
    • 0347961967 scopus 로고    scopus 로고
    • "Consumer Willingness to Pay for Genetically Modified Food Labels in a Market with Diverse Information: Evidence from Experimental Auctions"
    • Huffman, E., J. Shogren, M. Rousu, and A. Tegene. 2003. "Consumer Willingness to Pay for Genetically Modified Food Labels in a Market with Diverse Information: Evidence from Experimental Auctions." Journal of Agricultural and Resource Economics 28: 481-502.
    • (2003) Journal of Agricultural and Resource Economics , vol.28 , pp. 481-502
    • Huffman, E.1    Shogren, J.2    Rousu, M.3    Tegene, A.4
  • 26
    • 0002564950 scopus 로고
    • "Auctions: A Survey of Experimental Research"
    • J. Kagel and A. Roth, eds. Princeton, NJ: Princeton University Press
    • Kagel, J. 1995. "Auctions: A Survey of Experimental Research." In J. Kagel and A. Roth, eds. Handbook of Experimental Economics. Princeton, NJ: Princeton University Press, pp. 501-85.
    • (1995) Handbook of Experimental Economics , pp. 501-585
    • Kagel, J.1
  • 27
    • 0000590409 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions: Comment"
    • Kagel, J., and A. Roth. 1992. "Theory and Misbehavior of First-Price Auctions: Comment." American Economic Review 82: 1379-91.
    • (1992) American Economic Review , vol.82 , pp. 1379-1391
    • Kagel, J.1    Roth, A.2
  • 28
    • 0000125532 scopus 로고
    • "Prospect Theory: An Analysis of Decision under Risk"
    • Kahneman, D., and A. Tversky. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica 47: 263-91.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 29
    • 84936526580 scopus 로고
    • "Experimental Tests of the Endowment Effect and the Coase Theorem"
    • Kahneman, D., J. Knetsch, and R. Thaler. 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem." Journal of Political Economy 98: 1325-48.
    • (1990) Journal of Political Economy , vol.98 , pp. 1325-1348
    • Kahneman, D.1    Knetsch, J.2    Thaler, R.3
  • 30
    • 0001331917 scopus 로고
    • "The Endowment Effect, Loss Aversion, and Status Quo Bias: Anomalies"
    • Kahneman, D., J. Knetsch, and R. Thaler. 1991. "The Endowment Effect, Loss Aversion, and Status Quo Bias: Anomalies." Journal of Economic Perspectives 5 (1): 193-206.
    • (1991) Journal of Economic Perspectives , vol.5 , Issue.1 , pp. 193-206
    • Kahneman, D.1    Knetsch, J.2    Thaler, R.3
  • 31
    • 0032825599 scopus 로고    scopus 로고
    • "Information and the Divergence between Willingness to Accept and Willingness to Pay"
    • Kolstad, C., and R. Guzman. 1999. "Information and the Divergence between Willingness to Accept and Willingness to Pay." Journal of Environmental Economics and Management 38: 66-80.
    • (1999) Journal of Environmental Economics and Management , vol.38 , pp. 66-80
    • Kolstad, C.1    Guzman, R.2
  • 32
    • 0000992668 scopus 로고    scopus 로고
    • "Price Information and Bidding Behavior in Repeated Second-Price Auctions"
    • List, J., and J. Shogren. 1999. "Price Information and Bidding Behavior in Repeated Second-Price Auctions." American Journal of Agricultural Economics 81: 942-49.
    • (1999) American Journal of Agricultural Economics , vol.81 , pp. 942-949
    • List, J.1    Shogren, J.2
  • 33
    • 0037729013 scopus 로고    scopus 로고
    • "Testing the Initial Endowment Effect in Experimental Auctions"
    • Loureiro, M., W. Umberger, and S. Hine. 2003. "Testing the Initial Endowment Effect in Experimental Auctions" Applied Economics Letters 10: 271-75.
    • (2003) Applied Economics Letters , vol.10 , pp. 271-275
    • Loureiro, M.1    Umberger, W.2    Hine, S.3
  • 35
    • 0035598546 scopus 로고    scopus 로고
    • "Alternative Calibration and Auction Institutions for Predicting Consumer Willingness to Pay of Nongenetically Modified Corn Chips"
    • Lusk, J., M. Daniel, D. Mark, and C. Lusk. 2001a. "Alternative Calibration and Auction Institutions for Predicting Consumer Willingness to Pay of Nongenetically Modified Corn Chips." Journal of Agricultural and Resource Economics 26: 40-57.
    • (2001) Journal of Agricultural and Resource Economics , vol.26 , pp. 40-57
    • Lusk, J.1    Daniel, M.2    Mark, D.3    Lusk, C.4
  • 36
    • 2142817207 scopus 로고    scopus 로고
    • "Experimental Auction Procedure: Impact on Valuation of Quality Differentiated Goods"
    • Lusk, J., T. Feldkamp, and T. Schroeder. 2004. "Experimental Auction Procedure: Impact on Valuation of Quality Differentiated Goods." American Journal of Agricultural Economics 86: 389-405.
    • (2004) American Journal of Agricultural Economics , vol.86 , pp. 389-405
    • Lusk, J.1    Feldkamp, T.2    Schroeder, T.3
  • 38
    • 0000590408 scopus 로고
    • "Theory and Misbehavior of First-Price Auctions: Comment"
    • Merlo, A., and A. Schotter. 1992. "Theory and Misbehavior of First-Price Auctions: Comment." American Economic Review 82: 1413-25.
    • (1992) American Economic Review , vol.82 , pp. 1413-1425
    • Merlo, A.1    Schotter, A.2
  • 39
    • 0032219506 scopus 로고    scopus 로고
    • "Understanding the Disparity between WTP and WTA: Endowment Effect, Substitutability, or Imprecise Preferences?"
    • Morrison, G. 1998. "Understanding the Disparity between WTP and WTA: Endowment Effect, Substitutability, or Imprecise Preferences?" Economics Letters 59: 189-94.
    • (1998) Economics Letters , vol.59 , pp. 189-194
    • Morrison, G.1
  • 41
    • 0010159890 scopus 로고
    • "Opportunity Costs: Further Evidence through an Experimental Replication"
    • Neumann, B., and L. Friedman. 1978. "Opportunity Costs: Further Evidence through an Experimental Replication." Journal of Accounting Research 16: 400-10.
    • (1978) Journal of Accounting Research , vol.16 , pp. 400-410
    • Neumann, B.1    Friedman, L.2
  • 42
    • 0000832255 scopus 로고
    • "Incorporating Fairness into Game Theory and Economics"
    • Rabin, M. 1993. "Incorporating Fairness into Game Theory and Economics." American Economic Review 83: 1281-1302.
    • (1993) American Economic Review , vol.83 , pp. 1281-1302
    • Rabin, M.1
  • 44
    • 13944264378 scopus 로고    scopus 로고
    • "European Consumers' Willingness to Pay for U.S. Beef in Experimental Auction Markets: Comment"
    • Rousu, M., 2005. "European Consumers' Willingness to Pay for U.S. Beef in Experimental Auction Markets: Comment." American Journal of Agricultural Economics 87: 255-57.
    • (2005) American Journal of Agricultural Economics , vol.87 , pp. 255-257
    • Rousu, M.1
  • 46
    • 0000488869 scopus 로고    scopus 로고
    • "Resolving Differences in Willingness to Pay and Willingness to Accept: Reply"
    • Shogren, J., and D. Hayes. 1997. "Resolving Differences in Willingness to Pay and Willingness to Accept: Reply." American Economic Review 87: 241-44.
    • (1997) American Economic Review , vol.87 , pp. 241-244
    • Shogren, J.1    Hayes, D.2
  • 49
    • 0000482695 scopus 로고
    • "Resolving Differences in Willingness to Pay and Willingness to Accept"
    • Shogren, J., S. Shin, D. Hayes, and J. Kliebenstein. 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept." American Economic Review 84: 255-70.
    • (1994) American Economic Review , vol.84 , pp. 255-270
    • Shogren, J.1    Shin, S.2    Hayes, D.3    Kliebenstein, J.4
  • 51
    • 0001076162 scopus 로고
    • "Loss Aversion in Riskless Choice: A Reference-Dependent Model"
    • Tversky, A., and D. Kahneman. 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model." Quarterly Journal of Economics 106: 1039-61.
    • (1991) Quarterly Journal of Economics , vol.106 , pp. 1039-1061
    • Tversky, A.1    Kahneman, D.2
  • 52
    • 84980096808 scopus 로고
    • "Counterspeculation, Auctions, and Competitive Sealed Tenders"
    • Vickrey, W. 1961. "Counterspeculation, Auctions, and Competitive Sealed Tenders." Journal of Finance 16: 8-37.
    • (1961) Journal of Finance , vol.16 , pp. 8-37
    • Vickrey, W.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.