Endowment Effect, Status Quo Bias and Contingent Valuation

Guido Ortona () and Francesco Scacciati
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Francesco Scacciati: Dipartimento di Economia - Univesità di Torino

Rivista Internazionale di Scienze Sociali, 2003, vol. 111, issue 3, 397-407

Abstract: Contingent valuation of public goods (or bads) is strongly biased due to the endowment effect and/or the status quo bias.

Keywords: contingent valuation; willingness to pay; willingness to accept; endowment effect; status quo bias (search for similar items in EconPapers)
JEL-codes: C93 H43 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2003:v:111:i:3:p:397-407

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