Money matters: an axiomatic theory of the endowment effect

DOI10.1007/s00199-010-0552-zzbMath1247.91003OpenAlexW2000444667MaRDI QIDQ431229

Raphaël Giraud

Publication date: 26 June 2012

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-010-0552-z

zbMATH Keywords

status quo biasendowment effectreference-dependent preferenceswilling to accept (WTA)/willing to pay(WTP) gap

Mathematics Subject Classification ID

Decision theory (91B06) Research exposition (monographs, survey articles) pertaining to game theory, economics, and finance (91-02) Individual preferences (91B08)

Cites Work

• Unnamed Item
• Generalized benefit functions and measurement of utility
• Reference-dependent expected utility with incomplete preferences
• On the properties of a singular Sturm-Liouville equation determined by its spectral functions
• Anchored preference relations
• Biased extensive measurement: the general case
• Third-generation prospect theory
• A note on Boiteux' surplus function and dual Pareto efficiency
• Benefit functions and duality
• Profit, directional distance functions, and Nerlovian efficiency
• Risk premiums and benefit measures for generalized-expected-utility theories
• Optimality and the theory of value
• Simple and inertial behavior: An optimizing decision model with imprecise perceptions
• Reference dependence in cumulative prospect theory.
• Reference-dependent subjective expected utility.
• Convex measures of risk and trading constraints
• Biased extensive measurement: the homogeneous case.
• Rational choice with status quo bias
• Welfare from a benefit viewpoint
• The dynamics and revealed preference of status-quo optimality
• Economic preferences or attitude expressions?: An analysis of dollar responses to public issues. (With commentaries)
• Benefit and distance functions
• A theory of reference-dependent behavior
• Reference-dependent utility with shifting reference points and incomplete preferences
• Homothetic interval orders
• Coherent Measures of Risk
• A Model of Reference-Dependent Preferences*
• A NOTE ON LUENBERGER'S ZERO-MAXIMUM PRINCIPLE FOR CORE ALLOCATIONS
• The Distance Function in Consumer Behaviour with Applications to Index Numbers and Optimal Taxation
• Prospect Theory: An Analysis of Decision under Risk
• Ambiguity Aversion, Robustness, and the Variational Representation of Preferences

This page was built for publication: Money matters: an axiomatic theory of the endowment effect