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The Endowment Effect in a Public Good Experiment

Edward Lopez and W. Robert Nelson
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W. Robert Nelson: Center for Study of Public Choice

Experimental from University Library of Munich, Germany

Abstract: Previous tests of the endowment effect have usually observed WTA-WTP disparities. Here, a public good experiment is employed. Both account framing and duration framing treatments are introduced to alter subjects’ perceived control over an initial endowment. Results do not indicate that preferences shift in a way consistent with the endowment effect.

Keywords: endowment effect; public good; willingness to pay (search for similar items in EconPapers)
JEL-codes: C91 D1 H41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-exp and nep-pbe
Date: 2005-12-02
Note: Type of Document - pdf; pages: 30. Includes experiment forms and protocol.
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Handle: RePEc:wpa:wuwpex:0512001