The Endowment Effect and Repeated Market Trials: Is the Vickrey Auction Demand Revealing?
By J. Knetsch, Fang-Fang Tang, Richard H. Thaler. 2001
176 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Safety Research
View Paper: https://www.semanticscholar.org/paper/66273d4f4e88fd027890b94ddf45ac37a0ce5569
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- John A. List
- C. Starmer
- Jacinto Braga
- Robert Sugden
- Jason F. Shogren
- J. Knetsch
- Wei-Kang Wong
- Larry Samuelson
In Safety Research
- John A. List
- Jason F. Shogren
- Robert Sugden
- C. Starmer
- Jacinto Braga
- Wei-Kang Wong
- J. Knetsch
- Larry Samuelson
Citations in the corpus
- Preference Elicitation under Oath (2010, background): “Here off-the-margin bidders tend to over-bid if they perceive their induced value is far removed from the potential market clearing price in a real auction (see for example, Shogren et al., 2001; Knetsch et al., 2001).”
- The endowment effect and the reference state: Evidence and manipulations (2009, result): “similar preferences and choices, suggesting little reason for any lack of generality in the present findings ( Knetsch et al., 2001 ).”
- Economic Theory and Experimental Economics (2005, background): “For example, Knetsch, Tang and Thaler [135], who also provide references to earlier work, comment that “The endowment effect and loss aversion have been among the most”
- Auction mechanisms and the measurement of WTP and WTA (2001, background): “The random nth-price auction: design and results But these findings still cannot completely explain the observations of Knetsch et al. (1998).”
- An experimental examination of the house money effect in a multi-period setting (2006, unknown): “Knetsch et al. (2001) shed light on this puzzling behavior.”
- Do Anomalies Disappear in Repeated Markets (2003, background): “However, other experiments using apparently similar repeated market designs have found that anomalies persist: for example, preference reversal decays in only one of the two 2 experimental markets investigated by Cox and Grether, and Knetsch et al (2001) find persistence of the WTP–WTA disparity.”