Search Results - subject:"endowment"

Natural Resource Endowments and Growth Dynamics in Africa: Evidence from Panel Cointegrating Regression

Adekunle, Ibrahim Ayoade; Maku, Olukayode Emmanuel; … - 2023

-long obscure relations in the literature of natural resource endowment and economic growth by taking a disaggregated approach to …

Persistent link: https://www.econbiz.de/10014549298

Willingness to Accept, Willingness to Pay, and Loss Aversion

Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2023

We use four incentivized representative surveys to study the endowment effect for lotteries in 4,000 U.S. adults. We … replicate the standard finding of an endowment effect–the divergence between Willingness to Accept (WTA) and Willingness to Pay … (WTP), but document three new findings. First, we find little evidence that the endowment effect is related to loss …

Persistent link: https://www.econbiz.de/10014290110

Loss Aversion and Tax Evasion: Theory and Evidence

Dhami, Sanjit; Hajimoladarvish, Narges; Mamidi, Pavan - 2023

We consider income-source-dependent tax evasion and show that this is a generalization of the well-known endowment …

Persistent link: https://www.econbiz.de/10014290134

Loss Aversion

Imai, Taisuke; Schmidt, Klaus - 2023

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of prospect theory and, according to Daniel Kahneman, "the most significant contribution of psychology to behavioral economics" (Kahneman, 2011, p. 300). It has powerful...

Persistent link: https://www.econbiz.de/10014467841