Explicit vs implicit proprietorship: Can endowment effect theory explain exchange asymmetry?

Elias Khalil () and Kevin Wu

Economics Letters, 2017, vol. 154, issue C, 117-119

Abstract: Plott and Zeiler (2007) manage to extinguish exchange asymmetry—but as a result of failing to control for whether the items are presented sequentially or simultaneously. This study examines the effect of timing. It finds that exchange asymmetry emerges when the timing is sequential, even when we follow the Plott/Zeiler methodology, i.e., use lottery.

Keywords: Experimental demand effect; Timing of presentation; Mode of presentation (search for similar items in EconPapers)
JEL-codes: D19 D69 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:154:y:2017:i:c:p:117-119

DOI: 10.1016/j.econlet.2017.02.023

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