Short-selling and the WTA-WTP gap
The experimental results of the current paper reveal positive relations between short-selling bidding prices and the WTA-WTP gap. This result may be explained by the status-quo bias.
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- Raymond S. Hartman & Michael J. Doane & Chi-Keung Woo, 1991. "Consumer Rationality and the Status Quo," The Quarterly Journal of Economics, Oxford University Press, vol. 106(1), pages 141-162.
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