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	Provedor de dados AgEcon (1) Autor Akaichi, Faiçal (1) Gil, Jose Maria (1) Nayga, Rodolfo M., Jr. (1) Palavra-chave Agribusiness (1) C91 (1) D12 (1) D44 (1) Endowment effect (1) Multi-unit Vickrey auctions. (1) Number of units of the endowed product (1) Research Methods/ Statistical Methods (1) Teaching/Communication/Extension/Profession (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2011 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Initial Endowment Effects in Multi-Unit Vickrey Auctions AgEcon Akaichi, Faiçal; Nayga, Rodolfo M., Jr.; Gil, Jose Maria. We report the result of experiments designed to assess the effect of initial endowments on willingness to pay values elicited from multi-unit Vickrey auctions. Comparing bids from an “endow and upgrade” approach with the “full bidding” approach, we find that the direction of the endowment effect generally depends on the number of endowed units of the conventional product that subjects are willing to give up in exchange for units of the upgraded product. The endowment effect is “reverse” when the number of units that participants are willing to give up is lower or equal to the number of remaining endowed units. However, we generally find an endowment effect when the number of units a participant is willing to give up is higher than the number of remaining... Tipo: Conference Paper or Presentation Palavras-chave: Endowment effect; Number of units of the endowed product; Multi-unit Vickrey auctions.; Agribusiness; Research Methods/ Statistical Methods; Teaching/Communication/Extension/Profession; C91; D12; D44. Ano: 2011 URL: http://purl.umn.edu/103041 Registros recuperados: 1 Primeira ... 1 ... Última

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