{"title":"The endowment effect with different possession times and types of items","authors":"Domenico Colucci , Chiara Franco , Vincenzo Valori","doi":"10.1016/j.socec.2024.102216","DOIUrl":null,"url":null,"abstract":"<div><p>The vast literature dealing with the endowment effect (EE) revolves around untangling the various determinants that may be at work in producing the effect itself. We examine two of these likely determinants that remain under-researched: The first is the effect that the length of possession may have on the EE. The second is the type of good (tangible, intangible or exchange goods) used to test the effect. Using an online questionnaire experiment, we investigate these aspects using three different items – a mug, an Amazon gift card, and a quarterly subscription to Spotify – testing whether the EE occurs when subjects imagine owning the item for different lengths of time. We find that the EE appears clearly for all types of goods, while the results are less clear when considering the duration of possession.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":"110 ","pages":"Article 102216"},"PeriodicalIF":1.6000,"publicationDate":"2024-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000545/pdfft?md5=2eccb2e869e9c50196481fe328dc5d03&pid=1-s2.0-S2214804324000545-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Behavioral and Experimental Economics","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2214804324000545","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The vast literature dealing with the endowment effect (EE) revolves around untangling the various determinants that may be at work in producing the effect itself. We examine two of these likely determinants that remain under-researched: The first is the effect that the length of possession may have on the EE. The second is the type of good (tangible, intangible or exchange goods) used to test the effect. Using an online questionnaire experiment, we investigate these aspects using three different items – a mug, an Amazon gift card, and a quarterly subscription to Spotify – testing whether the EE occurs when subjects imagine owning the item for different lengths of time. We find that the EE appears clearly for all types of goods, while the results are less clear when considering the duration of possession.
期刊介绍：
The Journal of Behavioral and Experimental Economics (formerly the Journal of Socio-Economics) welcomes submissions that deal with various economic topics but also involve issues that are related to other social sciences, especially psychology, or use experimental methods of inquiry. Thus, contributions in behavioral economics, experimental economics, economic psychology, and judgment and decision making are especially welcome. The journal is open to different research methodologies, as long as they are relevant to the topic and employed rigorously. Possible methodologies include, for example, experiments, surveys, empirical work, theoretical models, meta-analyses, case studies, and simulation-based analyses. Literature reviews that integrate findings from many studies are also welcome, but they should synthesize the literature in a useful manner and provide substantial contribution beyond what the reader could get by simply reading the abstracts of the cited papers. In empirical work, it is important that the results are not only statistically significant but also economically significant. A high contribution-to-length ratio is expected from published articles and therefore papers should not be unnecessarily long, and short articles are welcome. Articles should be written in a manner that is intelligible to our generalist readership. Book reviews are generally solicited but occasionally unsolicited reviews will also be published. Contact the Book Review Editor for related inquiries.
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