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.endowment effect, public good, willingness to pay

Edward J. Lopez

W. Robert Nelson

English

Research Papers in Economics

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The Endowment Effect in a Public Good Experiment

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The Endowment Effect in a Public Good Experiment

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Research Papers in Economics