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Applied Economics Letters Volume 10, 2003 - Issue 5
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Original Articles

Testing the initial endowment effect in experimental auctions

Maria L. Loureiro Department of Economics, Universidad Carlos III de Madrid. Calle Madrid 126, Getafe-Madrid, 28903 Spain
,
Wendy J. Umberger Department of Agricultural and Resource Economics, Colorado State University, Fort Collins, Colorado USA 80523-1172
&
Susan Hine Department of Agricultural and Resource Economics, Colorado State University, Fort Collins, Colorado USA 80523-1172
Pages 271-275 | Published online: 06 Oct 2010

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Nelson A. Barber, D. Christopher Taylor & Venky Venkatachalam. (2016) Does the Product Really Matter? A Look at Mainstream Pro-Environmental Consumption Behavior. Journal of Food Products Marketing 22:5, pages 521-554.
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Riccardo Vecchio & Azzurra Annunziata. (2015) The effect of monetary versus nonmonetary endowment on WTP in BDM auctions. Applied Economics Letters 22:2, pages 137-140.
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Melissa M. Bishop & Nelson A. Barber. (2015) Should I Pay More? The Relationship Between Normative Beliefs and Willingness-to-Pay for Organic and Local Products. Journal of Marketing Theory and Practice 23:1, pages 94-106.
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R. Wesley Nimon & Ricky Hall. (2007) Empirical analysis of the efficiency of job assignment auctions. Applied Economics 39:13, pages 1679-1690.
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Murat Isik. (2006) An experimental analysis of impacts of uncertainty and irreversibility on willingness-to-pay. Applied Economics Letters 13:2, pages 67-72.
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Lanier Nalley, Darren Hudson & Gregory Parkhurst. (2005) The initial endowment effect in experimental auctions revisited: further evidence. Applied Economics Letters 12:1, pages 59-63.
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Espérance Zossou, Rose Fiamohe, Simple Davo Vodouhe & Matty Demont. (2022) Experimental auctions with exogenous and endogenous information treatment: Willingness to pay for improved parboiled rice in Benin. Journal of Agricultural Economics 73:3, pages 806-825.
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David M.A. Murphy, Dries Roobroeck, David R. Lee & Janice Thies. (2020) Underground Knowledge: Estimating the Impacts of Soil Information Transfers Through Experimental Auctions†. American Journal of Agricultural Economics 102:5, pages 1468-1493.
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Eloi Jorge, Ernesto Lopez-Valeiras & Maria Beatriz Gonzalez-Sanchez. (2020) The role of attitudes and tolerance of ambiguity in explaining consumers’ willingness to pay for organic wine. Journal of Cleaner Production 257, pages 120601.
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Yu Yvette Zhang, Rodolfo M. Nayga & Dinah Pura T. Depositario. (2019) Learning and the possibility of losing own money reduce overbidding: Delayed payment in experimental auctions. PLOS ONE 14:5, pages e0213568.
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Salomón Pérez, Adewale Oparinde, Ekin Birol, Carolina Gonzalez & Manfred Zeller. (2018) Consumer acceptance of an iron bean variety in Northwest Guatemala: the role of information and repeated messaging. Agricultural and Food Economics 6:1.
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A. Banerji, Shyamal Chowdhury, Hugo De Groote, J. V. Meenakshi, Joyce Haleegoah & Manfred Ewool. (2018) Eliciting Willingness-to-Pay through Multiple Experimental Procedures: Evidence from Lab-in-the-Field in Rural Ghana. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 66:2, pages 231-254.
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Riccardo Vecchio & Azzurra Annunziata. 2018. Methods in Consumer Research, Volume 1. Methods in Consumer Research, Volume 1 583 607 .
Chris D. Gingrich, Emily Ricotta, Amos Kahwa, Catherine Kahabuka & Hannah Koenker. (2017) Demand and willingness-to-pay for bed nets in Tanzania: results from a choice experiment. Malaria Journal 16:1.
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Hans De Steur, Joshua Wesana, Dieter Blancquaert, Dominique Van Der Straeten & Xavier Gellynck. (2017) Methods matter: a meta-regression on the determinants of willingness-to-pay studies on biofortified foods. Annals of the New York Academy of Sciences 1390:1, pages 34-46.
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Riccardo Vecchio. (2017) Do participants discount products in experimental auctions?. Food Quality and Preference 55, pages 98-101.
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Adewale Oparinde, Ekin Birol, Abdoul Murekezi, Lister Katsvairo, Michael T. Diressie, Jean d'amour Nkundimana & Louis Butare. (2016) Radio Messaging Frequency, Information Framing, and Consumer Willingness to Pay for Biofortified Iron Beans: Evidence from Revealed Preference Elicitation in Rural Rwanda. Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 64:4, pages 613-652.
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Nelson A. Barber, D. Christopher Taylor & Daniel Remar. (2016) Desirability bias and perceived effectiveness influence on willingness-to-pay for pro-environmental wine products. International Journal of Wine Business Research 28:3, pages 206-227.
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Adewale Oparinde, Abhijit Banerji, Ekin Birol & Paul Ilona. (2016) Information and consumer willingness to pay for biofortified yellow cassava: evidence from experimental auctions in Nigeria. Agricultural Economics 47:2, pages 215-233.
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Panos L. Lorentziadis. (2016) Optimal bidding in auctions from a game theory perspective. European Journal of Operational Research 248:2, pages 347-371.
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Nelson A. Barber, Melissa Bishop & Thomas Gruen. (2014) Who pays more (or less) for pro-environmental consumer goods? Using the auction method to assess actual willingness-to-pay. Journal of Environmental Psychology 40, pages 218-227.
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Jaqueline Garcia-Yi. (2014) Market-Based Instruments for the Conservation of Underutilized Crops: In-Store Experimental Auction of Native Chili Products in Bolivia. Sustainability 6:11, pages 7768-7786.
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Hans De Steur, Dieter Blancquaert, Willy Lambert, Dominique Van Der Straeten & Xavier Gellynck. (2014) Conceptual framework for ex-ante evaluation at the micro/macro level of GM crops with health benefits. Trends in Food Science & Technology 39:2, pages 116-134.
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Melissa Maier Bishop & Nelson A. Barber. (2014) Putting Your Money Where Your Mouth Is: The Value of Low Purchase Intention Consumers to Product Pricing. Journal of Product Innovation Management 31:5, pages 908-923.
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Dinah Pura T. Depositario, Rodolfo M. NaygaJrJr, Yu Yvette Zhang & Robert Dominick E. Mariano. (2014) Revisiting Cash Endowment and House Money Effects in an Experimental Auction of a Novel Agri-food Product in the Philippines. Asian Economic Journal 28:2, pages 201-215.
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Nelson A. Barber & D. Christopher Taylor. (2013) Experimental approach to assessing actual wine purchase behavior. International Journal of Wine Business Research 25:3, pages 203-226.
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Shih‐Chieh Chuang. (2013) Time pressure and the endowment effect. Journal of Applied Social Psychology 43:6, pages 1313-1323.
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Matty Demont, Pieter Rutsaert, Maimouna Ndour & Wim Verbeke. (2013) Reversing Urban Bias in African Rice Markets: Evidence from Senegal. World Development 45, pages 63-74.
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M. Demont, P. Rutsaert, M. Ndour, W. Verbeke, P. A. Seck & E. Tollens. (2012) Experimental auctions, collective induction and choice shift: willingness-to-pay for rice quality in Senegal. European Review of Agricultural Economics 40:2, pages 261-286.
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Jay R. Corrigan, Andreas C. Drichoutis, Jayson L. Lusk, Rodolfo M. NaygaJrJr & Matthew C. Rousu. (2011) Repeated Rounds with Price Feedback in Experimental Auction Valuation: An Adversarial Collaboration. American Journal of Agricultural Economics 94:1, pages 97-115.
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Jayson L. Lusk, Deacue Fields & Walt Prevatt. (2008) An Incentive Compatible Conjoint Ranking Mechanism. American Journal of Agricultural Economics 90:2, pages 487-498.
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Jay R. Corrigan & Matthew C. Rousu. (2006) The Effect of Initial Endowments in Experimental Auctions. American Journal of Agricultural Economics 88:2, pages 448-457.
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David M. A. Murphy, Dries Roobroeck & David R. Lee. (2019) Show and Tell: Causal Impacts of Field Days on Farmer Learning for Organic Inputs in Kenya. SSRN Electronic Journal.
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David M. A. Murphy, Dries Roobroeck, David R. Lee & Janice Thies. (2019) Underground Knowledge: Estimating the Impacts of Soil Information Transfers through Experimental Auctions. SSRN Electronic Journal.
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Yu Yvette Zhang, Rodolfo M. Nayga & Dinah Pura T. Depositario. (2015) Possibility of Losing Own Money Promotes Learning to Reduce Overbidding: Delayed Payment in Experimental Auctions. SSRN Electronic Journal.
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Kalyn Coatney, Dale J. Menkhaus & Sherrill Shaffer. (2014) Impacts of a Capacity Advantaged Bidder in Sequential Common Value Auctions: Evidence from the Laboratory. SSRN Electronic Journal.
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