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Endowment Effect, Status Quo Bias and Contingent Valuation


  • Guido Ortona

    (Dipartimento delle Politiche Pubbliche e delle Scelte Collettive - Università del Piemonte Orientale, Alessandria)

  • Francesco Scacciati

    (Dipartimento di Economia - Univesità di Torino)


Contingent valuation of public goods (or bads) is strongly biased due to the endowment effect and/or the status quo bias.

Suggested Citation

  • Guido Ortona & Francesco Scacciati, 2003. "Endowment Effect, Status Quo Bias and Contingent Valuation," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 111(3), pages 397-407.
  • Handle: RePEc:vep:journl:y:2003:v:111:i:3:p:397-407

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    References listed on IDEAS

    1. Christina Boswell & Thomas Straubhaar, 2004. "The illegal employment of Foreign workers: an overview," Intereconomics: Review of European Economic Policy, Springer;German National Library of Economics;Centre for European Policy Studies (CEPS), vol. 39(1), pages 4-7, January.
    2. Ethier, Wilfred J, 1986. "Illegal Immigration: The Host-Country Problem," American Economic Review, American Economic Association, vol. 76(1), pages 56-71, March.
    3. Gabriella Bucci & Rafael Tenorio, 1996. "On financing the internal enforcement of illegal immigration policies," Journal of Population Economics, Springer;European Society for Population Economics, vol. 9(1), pages 65-81, February.
    4. Hill, John K & Pearce, James E, 1990. "The Incidence of Sanctions against Employers of Illegal Aliens," Journal of Political Economy, University of Chicago Press, vol. 98(1), pages 28-44, February.
    5. Benhabib, Jess, 1996. "On the political economy of immigration," European Economic Review, Elsevier, vol. 40(9), pages 1737-1743, December.
    6. Djajic, Slobodan, 1987. "Illegal aliens, unemployment and immigration policy," Journal of Development Economics, Elsevier, vol. 25(1), pages 235-249, February.
    7. Chiswick, Barry R, 1988. "Illegal Immigration and Immigration Control," Journal of Economic Perspectives, American Economic Association, vol. 2(3), pages 101-115, Summer.
    8. Avi Weiss & Arye L. Hillman & Gil S. Epstein, 1999. "Creating illegal immigrants," Journal of Population Economics, Springer;European Society for Population Economics, vol. 12(1), pages 3-21.
    9. Kenneth F. Scheve & Matthew J. Slaughter, 1999. "Labor-Market Competition and Individual Preferences Over Immigration Policy," NBER Working Papers 6946, National Bureau of Economic Research, Inc.
    10. repec:fth:michin:449 is not listed on IDEAS
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    Cited by:

    1. Ivehammar, Pernilla, 2014. "Valuing environmental quality in actual travel time savings – The Haningeleden road project in Stockholm," Research in Transportation Economics, Elsevier, vol. 48(C), pages 349-356.

    More about this item


    contingent valuation; willingness to pay; willingness to accept; endowment effect; status quo bias;

    JEL classification:

    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate


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