Showing 1 - 10 of 2,151
We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10014476660
"anchoring" phenomenon in the field. The first experiment produces evidence that inexperienced consumers can be anchored in the … experiment finds that anchors have only transient effects on prices and quantities traded: aggregate market outcomes converge to …
Persistent link: https://www.econbiz.de/10014182869
We study the endowment effect and expectation-based reference points in the field leveraging the setup of the Socio-Economic Panel. Households receive a small item for taking part in the panel, and we randomly assign respondents either a towel or a notebook, which they can exchange at the end of...
Persistent link: https://www.econbiz.de/10013472430
We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...
Persistent link: https://www.econbiz.de/10014578444
Evidence of gender differences in cooperation in social dilemmas is inconclusive. This paper experimentally elicits unconditional contributions, a contribution vector (cooperative preferences), and beliefs about the level of others' contributions in variants of the public goods game. We show...
Persistent link: https://www.econbiz.de/10011568550
preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a … predicted contributions, because they contribute in the first half of the experiment. We also show that the interaction of …
Persistent link: https://www.econbiz.de/10003339611
preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a … predicted contributions, because they contribute in the first half of the experiment. We also show that the interaction of …
Persistent link: https://www.econbiz.de/10003261927
beliefs with the same players and within the same experiment. The current experiment employes a design in which the same …
Persistent link: https://www.econbiz.de/10013029155
preference in one experiment and make a point prediction about the contribution to a repeated public good. This allows for a … predicted contributions, because they contribute in the first half of the experiment. We also show that the interaction of …
Persistent link: https://www.econbiz.de/10012783408
individuals' cooperation preferences in one experiment and use them - as well as subjects' elicited beliefs - to explain …
Persistent link: https://www.econbiz.de/10013316430