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Endowment Effects in Proposal Rights Contests

Author

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  • Youjin Hahn
  • Chulyoung Kim
  • Sang-Hyun Kim

Abstract

We experimentally investigate a two-stage game where players compete to be recognized as a proposer in the first stage and play an ultimatum bargaining game in the second stage. We introduce a treatment regarding whether one of the subjects is framed to have proposal rights (without any material advantage) in the beginning of the game. We found that subjects who were framed to be "incumbents" spent significantly more resources to keep their proposal rights than others. We also present and analyze additional behavioral patterns observed in our proposal rights contest experiment.

Suggested Citation

  • Youjin Hahn & Chulyoung Kim & Sang-Hyun Kim, 2021. "Endowment Effects in Proposal Rights Contests," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 177(4), pages 449-476.
    • Handle: RePEc:mhr:jinste:urn:doi:10.1628/jite-2021-0018
    DOI: 10.1628/jite-2021-0018
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    Cited by:

    1. Kim, Chulyoung & Kim, Sang-Hyun & Lee, Jinhyuk & Lee, Joosung, 2022. "Strategic alliances in a veto game: An experimental study," European Journal of Political Economy, Elsevier, vol. 75(C).

    More about this item

    Keywords

    proposal rights; endowment effect; framing effect; contest; ultimatum game; laboratory experiment;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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