Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35773 
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dc.contributor.authorBauer, Thomas K.en
dc.contributor.authorSchmidt, Christoph M.en
dc.date.accessioned2008-12-02-
dc.date.accessioned2010-07-07T11:58:15Z-
dc.date.available2010-07-07T11:58:15Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-20081202144en
dc.identifier.urihttp://hdl.handle.net/10419/35773-
dc.description.abstractUsing data on the valuation of Christmas gifts received by students in different fields at a German university, we investigate whether the endowment effect differs between students of economics and other respondents and whether it varies with the market price of the object under consideration. Our estimation results suggest that economics students have both, a significant lower WTP and WTA, indicating that existing studies on the efficiency loss of holiday gifts and experimental studies on the endowment effect that rely on data from economics students may be biased. The result further indicates that the endowment effect is independent of the market price of the object.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3855en
dc.subject.jelD01en
dc.subject.ddc330en
dc.subject.keywordLoss aversionen
dc.subject.keywordendowment effecten
dc.subject.keywordChristmas presentsen
dc.subject.keyworddeadweight lossen
dc.subject.stwWillingness to payen
dc.subject.stwBildungsniveauen
dc.subject.stwGeschenken
dc.subject.stwVerhaltensökonomiken
dc.subject.stwTesten
dc.subject.stwDeutschlanden
dc.titleWTP vs. WTA: christmas presents and the endowment effect-
dc.type|aWorking Paperen
dc.identifier.ppn586159932en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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