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ArticleUniversity of Iceland>Ráðstefnurit>Vorráðstefna Viðskiptafræðistofnunar>

Please use this identifier to cite or link to this item: http://hdl.handle.net/1946/8659

Title
is

The Endowment Effect and other Biases in Creative Goods Transactions

Published
April 2011
Abstract
is

The Endowment Effect, which has been observed to occur when the ownership of a good leads the consumer/owner to value the good more than its market value, has been described as a manifest gap between the willingness to accept (WTA) and the willingness to pay (WTP) in a variety of forms of property transactions. The paper traces the development of endowment effect research, its entrance into IP and Copyright research and suggests further research that may enhance the existing understanding of the effect and the mechanisms at work in value formation in creative works.

Appeared in

Vorráðstefna Viðskiptafræðistofnunar Háskóla Íslands 13. apríl 2011

ISSN

1670-8288

ISBN

978-9979-9933-2-2

Issued Date
23/05/2011


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