We report results from an experiment based on a simplified version of Hart's (1995) property rights theory of the firm …

experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …

experiment, we study the endowment effect in lotteries with the same payoffs as the games in the first part. Our findings provide …

works in anindividual decision experiment. Subjects are faced with a sequentialsearch problem. After extensive practice …

decision making in an interpersonal context. The influence of social comparison on risky choices is explored in an experiment …This study attempts to combine two traditional fields in microeconomics: individual decision making under risk and … lower than all possible payoffs of the decision maker. In the neutral context social referent and decision maker will always …