An augmented Becker–DeGroot–Marschak mechanism for transaction cycles
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DOI: 10.1016/j.econlet.2011.09.001
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References listed on IDEAS
- Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1325-1348, December.
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- Thaler, Richard, 1980. "Toward a positive theory of consumer choice," Journal of Economic Behavior & Organization, Elsevier, vol. 1(1), pages 39-60, March.
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Cited by:
- Thomas A. Weber, 2010. "Hicksian Welfare Measures and the Normative Endowment Effect," American Economic Journal: Microeconomics, American Economic Association, vol. 2(4), pages 171-194, November.
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More about this item
Keywords
Compensating variation; Equivalent variation; Endowment effect; Welfare change; Willingness-to-accept; Willingness-to-pay;All these keywords.
JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D60 - Microeconomics - - Welfare Economics - - - General
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