Eiichi, TOMIURA; Banri, ITO; Hiroshi, MUKUNOKI; Ryuhei, … - Research Institute of Economy, Trade and Industry (RIETI) - 2013
The endowment effect, established by behavioral economics, is regarded as a cause of inertia. This paper examines its effects on trade policy preferences of 10,000 individuals in Japan. People strongly influenced by the endowment effect are significantly more likely to oppose import...