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Is there ownership for money?

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  • Mosi Rosenboim
  • Tal Shavit

Abstract

The experimental results from this study show that at least 50% of the subjects ask for more than a bill's face value when selling it (they ask for a premium), which indicates that there is an ownership effect for money. We also found that subjects who were asked to record the serial number of the bill requested a higher premium, indicating that this act strengthened the ownership effect.

Suggested Citation

  • Mosi Rosenboim & Tal Shavit, 2015. "Is there ownership for money?," Applied Economics Letters, Taylor & Francis Journals, vol. 22(16), pages 1325-1328, November.
  • Handle: RePEc:taf:apeclt:v:22:y:2015:i:16:p:1325-1328
    DOI: 10.1080/13504851.2015.1029110
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