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dc.contributor.authorBauer, Thomas K.en_US
dc.contributor.authorSchmidt, Christoph M.en_US
dc.date.accessioned2008-12-02en_US
dc.date.accessioned2010-07-07T11:58:15Z-
dc.date.available2010-07-07T11:58:15Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20081202144en_US
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_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 3855en_US
dc.subject.jelD01en_US
dc.subject.ddc330en_US
dc.subject.keywordLoss aversionen_US
dc.subject.keywordendowment effecten_US
dc.subject.keywordChristmas presentsen_US
dc.subject.keyworddeadweight lossen_US
dc.subject.stwWillingness to payen_US
dc.subject.stwBildungsniveauen_US
dc.subject.stwGeschenken_US
dc.subject.stwVerhaltensökonomiken_US
dc.subject.stwTesten_US
dc.subject.stwDeutschlanden_US
dc.titleWTP vs. WTA: christmas presents and the endowment effecten_US
dc.typeWorking Paperen_US
dc.identifier.ppn586159932en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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