Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22833 
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dc.contributor.authorHuck, Steffenen
dc.contributor.authorKirchsteiger, Georgen
dc.contributor.authorOechssler, Jörgen
dc.date.accessioned2009-01-29T15:10:12Z-
dc.date.available2009-01-29T15:10:12Z-
dc.date.issued2003-
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 experiments. 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
dc.language.isoengen
dc.publisher|aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonnen
dc.relation.ispartofseries|aBonn Econ Discussion Papers |x5/2003en
dc.subject.jelC79en
dc.subject.jelC73en
dc.subject.jelD00en
dc.subject.ddc330en
dc.subject.keywordendowment effecten
dc.subject.keywordevolutionen
dc.subject.keywordbargainingen
dc.subject.stwVerhandlungenen
dc.subject.stwWillingness to payen
dc.subject.stwEvolutionsökonomiken
dc.subject.stwTheorieen
dc.titleLearning to Like What You Have: Explaining the Endowment Effect-
dc.typeWorking Paperen
dc.identifier.ppn374459924en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:bonedp:52003-

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