科斯定理指出,如果没有交易成本,资源分配的效率与初始产权分配无关,但在实际中存在交易成本和行为偏差。 KKT's Endowment-Effect Experiment: 实验的第一部分 >Subjects: 44 students in an advanced undergraduate law and economics class at Cornell University.
Example 2:储物空间 Self storage space 在美国,有企业提供个人储物空间租赁给消费者,美国人用这些空间来盛放自己生活中暂时不需要用的物品。统计数据显示,2008年,美国消费者一共租用了大约22亿立方英尺的个人储物空间。这个空间足够把所有美国人都放进去。但是,很多存放的物品,人们有可能以后永远也不会用到。 为什...
2015. `Enhancing valuation:the impact of self-congruence with a brand on the endowment effect', Journal of Behavioral and Experimental Economics,vol. 58 p.178-185.Thomas, V., M. Yeh, and R. Jewell, 2015. "Enhancing valuation: The impact of self- congruence with a brand on the endowment...
4.3Loss aversion and the endowment effect Among the most robust findings in behavioral economics is that people require greater compensation to part with objects they own that are part of their endowment than they would be willing to pay to acquire the same objects when they are not part of th...
At the time when Richard Thaler started writing about it, the endowment effect was a challenge to standard economic theory. According to mainstream thinking in economics, the price a buyer was willing to pay for something should be equal to their willingness to accept the loss of that item. ...
Explore the impact of the endowment effect in economics. Understand its definition and different causes, and discover various endowment effect examples. Updated: 11/21/2023 Table of Contents What is the Endowment Effect? Endowment Effect Causes Endowment Effect Impact Endowment Effect Examples Lesson ...
The endowment effect is a phenomenon in behavioral economics that describes the tendency of individuals to place more value on an object they own in...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
Endowment Effect What is the Endowment Effect? The endowment effect is a principle in behavioral psychology that describes the tendency of people to value an object that they own higher than they would value if they didn’t own it. Their valuation of an owned object will often be higher than...
A vast body of experimental studies in psychology and economics finds that individuals tend to value goods more and demand higher prices when they own the goods than they would be willing to pay for the good when they do not already own it. Although research on the endowment effect has been...
The endowment effect: the human tendency to attach more value to items we own simply because they belong to us.