Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147120
Authors: 
Gawrońska, Magdalena
Year of Publication: 
2015
Citation: 
[Journal:] e-Finanse: Financial Internet Quarterly [ISSN:] 1734-039X [Volume:] 11 [Year:] 2015 [Issue:] 1 [Pages:] 86-96
Abstract: 
The article refers to the issue of the endowment effect, which acts as a mechanism that influences valuation. The paper's main aim is to verify the endowment effect phenomenon for branded, fast-moving consumer goods. The subject of this paper also includes examining whether short-term possession, generates the endowment effect. It also studies how the possibility of using a product influences the power of the examined phenomenon. In order to verify the proposed hypothesis, an economic experiment was used. Its results were analyzed with the use of descriptive statistics and econometric methods. The study demonstrated that the endowment effect determines the perception of goods and influences their valuation.
Subjects: 
endowment effect
experimental economics
auction pricing
valuation
JEL: 
C91
D12
Persistent Identifier of the first edition: 
Document Type: 
Article

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