Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/66305 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorHuck, Steffenen
dc.contributor.authorKirchsteiger, Georgen
dc.contributor.authorOechssler, Jörgen
dc.date.accessioned2012-11-06-
dc.date.accessioned2012-11-19T15:23:51Z-
dc.date.available2012-11-19T15:23:51Z-
dc.date.issued1997-
dc.identifier.piurn:nbn:de:kobv:11-10064208en
dc.identifier.urihttp://hdl.handle.net/10419/66305-
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 almost all individuals will have a strictly positive and finite endowment effect.en
dc.language.isoengen
dc.publisher|aHumboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes |cBerlinen
dc.relation.ispartofseries|aSFB 373 Discussion Paper |x1997,38en
dc.subject.jelC73en
dc.subject.jelC79en
dc.subject.jelD00en
dc.subject.ddc330en
dc.titleLearning to like what you have: Explaining the endowment effect-
dc.typeWorking Paperen
dc.identifier.ppn729293661en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:sfb373:199738en

Files in This Item:
File
Size
237.02 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.