کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
10437785 | 912430 | 2005 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Loss aversion without the endowment effect, and other explanations for the WTA-WTP disparity
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Loss aversion without the endowment effect, and other explanations for the WTA-WTP disparity Loss aversion without the endowment effect, and other explanations for the WTA-WTP disparity](/preview/png/10437785.png)
چکیده انگلیسی
To learn why WTA regularly exceeds WTP in economic experiments involving inexpensive market goods with ample substitutes, the verbal protocol technique was used in a real cash experiment employing a random price auction. Results suggest that the primary reason for the disparity was subjects' reluctance to suffer a net loss from any transaction, whether purchase or sale, and tendency to consider sale much below assumed market price as a loss. This interpretation indicates a kind of loss aversion, but not the kind envisioned in the endowment effect, which maintains that selling creates a loss and buying creates a gain.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 57, Issue 3, July 2005, Pages 367-379
Journal: Journal of Economic Behavior & Organization - Volume 57, Issue 3, July 2005, Pages 367-379
نویسندگان
Thomas C. Brown,