Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22833
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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 muchmore 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 evolutionfavors individuals whose preferences embody an endowment effect. Thereason is that an endowment effect improves one`s bargaining positionin bilateral trades. We show that for a general class of evolutionaryprocesses strictly positive endowment effects will survive in the longrun.en_US
dc.language.isoengen_US
dc.relation.ispartofseries|aBonn econ discussion papers |x2003,5en_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-

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