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dc.contributor.authorHuck, Steffenen_US
dc.contributor.authorKirchsteiger, Georgen_US
dc.contributor.authorOechssler, Jörgen_US
dc.date.accessioned2009-01-29T15:10:12Z-
dc.date.available2009-01-29T15:10:12Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/22833-
dc.description.abstractThe endowment effect describes the fact that people demand much more to give up an object than they are willing to spend to acquire it. The existence of this effect has been documented in numerous exper- iments. We attempt to explain this effect by showing that evolution favors individuals whose preferences embody an endowment effect. The reason is that an endowment effect improves one`s bargaining position in bilateral trades. We show that for a general class of evolutionary processes strictly positive endowment effects will survive in the long run.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesBonn econ discussion papers 2003,5en_US
dc.subject.jelC79en_US
dc.subject.jelC73en_US
dc.subject.jelD00en_US
dc.subject.ddc330en_US
dc.subject.keywordendowment effecten_US
dc.subject.keywordevolutionen_US
dc.subject.keywordbargainingen_US
dc.subject.stwVerhandlungenen_US
dc.subject.stwWillingness to payen_US
dc.subject.stwEvolutionsökonomiken_US
dc.subject.stwTheorieen_US
dc.titleLearning to Like What You Have: Explaining the Endowment Effecten_US
dc.typeWorking Paperen_US
dc.identifier.ppn374459924en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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