Endowment Effect, Status Quo Bias and Contingent Valuation
AbstractContingent valuation of public goods (or bads) is strongly biased due to the endowment effect and/or the status quo bias.
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Bibliographic InfoArticle provided by Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore in its journal Rivista Internazionale di Scienze Sociali.
Volume (Year): 111 (2003)
Issue (Month): 3 ()
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contingent valuation; willingness to pay; willingness to accept; endowment effect; status quo bias;
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