Salience in Experimental Tests of the Endowment Effect. / Bordalo, Pedro; Gennaioli, Nicola ; Shleifer, Andrei.

In: American Economic Review, Vol. 102, No. 3, 05.2012, p. 47-52.

Research output: Contribution to journalArticle

Published

Standard

Salience in Experimental Tests of the Endowment Effect. / Bordalo, Pedro; Gennaioli, Nicola ; Shleifer, Andrei.

In: American Economic Review, Vol. 102, No. 3, 05.2012, p. 47-52.

Research output: Contribution to journalArticle

Harvard

Bordalo, P, Gennaioli, N & Shleifer, A 2012, 'Salience in Experimental Tests of the Endowment Effect', American Economic Review, vol. 102, no. 3, pp. 47-52. https://doi.org/10.1257/aer.102.3.47

APA

Bordalo, P., Gennaioli, N., & Shleifer, A. (2012). Salience in Experimental Tests of the Endowment Effect. American Economic Review, 102(3), 47-52. https://doi.org/10.1257/aer.102.3.47

Vancouver

Bordalo P, Gennaioli N, Shleifer A. Salience in Experimental Tests of the Endowment Effect. American Economic Review. 2012 May;102(3):47-52. https://doi.org/10.1257/aer.102.3.47

Author

Bordalo, Pedro ; Gennaioli, Nicola ; Shleifer, Andrei. / Salience in Experimental Tests of the Endowment Effect. In: American Economic Review. 2012 ; Vol. 102, No. 3. pp. 47-52.

BibTeX

@article{8585a139d74246c2b6164aa919b3b759,
title = "Salience in Experimental Tests of the Endowment Effect",
abstract = "We provide a novel account of experimental evidence for the endowment effect using the salience mechanism (Bordalo, Gennaioli, and Shleifer, 2011). The two-stage procedure implemented in experiments implies that the endowed good and other goods are evaluated in different contexts. We describe conditions under which the standard effect occurs, but also account for recent evidence such as a reverse endowment effect for bads and a role for reference prices in modulating the WTA-WTP gap.",
keywords = "Papers and Proceedings",
author = "Pedro Bordalo and Nicola Gennaioli and Andrei Shleifer",
year = "2012",
month = may,
doi = "10.1257/aer.102.3.47",
language = "English",
volume = "102",
pages = "47--52",
journal = "American Economic Review",
issn = "0002-8282",
publisher = "American Economic Association",
number = "3",

}

RIS

TY - JOUR

T1 - Salience in Experimental Tests of the Endowment Effect

AU - Bordalo, Pedro

AU - Gennaioli, Nicola

AU - Shleifer, Andrei

PY - 2012/5

Y1 - 2012/5

N2 - We provide a novel account of experimental evidence for the endowment effect using the salience mechanism (Bordalo, Gennaioli, and Shleifer, 2011). The two-stage procedure implemented in experiments implies that the endowed good and other goods are evaluated in different contexts. We describe conditions under which the standard effect occurs, but also account for recent evidence such as a reverse endowment effect for bads and a role for reference prices in modulating the WTA-WTP gap.

AB - We provide a novel account of experimental evidence for the endowment effect using the salience mechanism (Bordalo, Gennaioli, and Shleifer, 2011). The two-stage procedure implemented in experiments implies that the endowed good and other goods are evaluated in different contexts. We describe conditions under which the standard effect occurs, but also account for recent evidence such as a reverse endowment effect for bads and a role for reference prices in modulating the WTA-WTP gap.

KW - Papers and Proceedings

U2 - 10.1257/aer.102.3.47

DO - 10.1257/aer.102.3.47

M3 - Article

VL - 102

SP - 47

EP - 52

JO - American Economic Review

JF - American Economic Review

SN - 0002-8282

IS - 3

ER -