Behavioral Law and Economics: Experimental Tests of the Endowment Effect and the Coase Theorem

By Daniel Kahneman, J. Knetsch, Richard H. Thaler. 2000

3,782 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/394424cd32acf4ff78859b5334bf76e8595e022c

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Citations in the corpus

Using a Choice Experiment to Estimate Farmers’ Valuation of Agrobiodiversity on Hungarian Small Farms (2006, methodology): “WTA values from other methods, such as contingent valuation method, have not been considered reliable (Kahneman et al. 1990), suggesting that the choice experiment method might have advantages when the property rights of the environmental good that is being valued reside with the respondent.”
Management Theory Applications of Prospect Theory: Accomplishments, Challenges, and Opportunities (2011, positive): “To focus more precisely on PT-based research, we eliminated 15 articles that did not cite Kahneman and Tversky (1979) or Tversky and Kahneman (1992).”
The Devaluation Effect: Activating a Need Devalues Unrelated Objects (2003, methodology): “For exploratory purposes we introduced a third manipulation inspired by research on the “endowment effect” (Kahneman, Knetsch, and Thaler 1990), which implies that people evaluate choice options but not the means with which they pay for them.”
Pay-for-Performance’s Effect on Future Employee Performance (2016, background): “Thus, because the perceived value of a good instantly increases when the good is obtained (Kahneman et al., 1990), the endowment effect suggests that employees may value bonuses more than an equivalently sized merit increase because only the bonus is fully (and obviously) in-hand during the year in ”
Adaptation and performance in foreign markets: evidence of systematic under-adaptation (2006, background): “supporting this view (Knetsch and Sinden, 1984; Loewenstein, 1988; Samuelson and Zeckhauser, 1988; Knetsch, 1989; Kahneman et al., 1990).”
Experimental Evidence on Alternative Environmental Valuation Methods (2006, neutral): “The MPL design has been employed in three general areas in experimental economics: in the elicitation of risk attitudes by Holt and Laury (2002), in the elicitation of valuations for a commodity by Kahneman et al. (1990) , and in the elicitation of individual discount rates by Coller and Williams (”
The Role of Anticipated Emotions in the Endowment Effect (2005, background): “…defined as the gap between the price that buyers are willing to pay in order to acquire an object and the price that sellers would demand in order to part with this object (Carmon & Ariely, 2000; Kahneman et al., 1990; Knetsch & Sinden, 1984, 1987; Thaler, 1980; van Dijk & van Knippenberg, 1996).”
The "I Designed It Myself" Effect in Mass Customization (2010, background): “…for example, suggests that the subjective value a person attributes to an object is contingent upon whether she owns the object or not: Goods that are included in one’s endowment are valued more highly than identical goods not held in one’s endowment (Thaler 1980; Kahneman et al. 1990, 1991).”
The Timing of Repeat Purchases of Consumer Durable Goods: The Role of Functional Bases of Consumer Attitudes (2004, background): “For public durables that perform the social-adjustive function, we expected that a higher frequency of loss framing than private durables would manifest in higher interpurchase intervals (Kahneman, Knetsch, and Thaler 1990).”
Dominant Strategy Adoption and Bidders' Experience with Pricing Rules (2000, methodology): “5. A similar technique has been used independently in Kahneman, Knetsch and Thaler (1990) , who ask subjects to indicate whether each of 18 prices is acceptable.”
When do you Want It? Time, Decisions, and Public Policy (2006, background): “…the present, though they are willing to precommit to saving in the future because of loss aversion and a mechanism similar to an endowment effect (Kahneman, Knetsch, and Thaler 1990).4 However, alternative attached and set reservation selling prices substantially higher than the buyers’…”