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Experimental tests of the endowment effect and the Coase theorem

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  • John List

Abstract

This review summarizes the historical place of the seminal contribution of Kahneman et al. (1990), from origins to theory to catalyst of an entire area of scholarship. This new literature has produced evidence both in concert with the original KKT conclusions as well as evidence refuting certain insights from KKT. The general theme of my summary is that even imperfect papers can have deep impact, both within and outside the academy; a lesson that today's critics should consider as young experimentalists continue to fight the tyranny of the top 5.

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  • John List, 2020. "Experimental tests of the endowment effect and the Coase theorem," Natural Field Experiments 00687, The Field Experiments Website.
  • Handle: RePEc:feb:natura:00687
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