Tests of market outcomes with asymmetric valuations of gains and losses: Smaller gains, fewer trades, and less value

Authors: Borges B.F.J.; Knetsch J.L.¹

Source: Journal of Economic Behavior and Organization, Volume 33, Number 2, January 1998 , pp. 185-193(9)

Publisher: Elsevier

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Keywords: [JEL classification codes] D40; [JEL classification codes] D60; [JEL classification codes] C91; Endowment effect; Gains from trade; Market outcomes

Language: English

Document Type: Research article

DOI: 10.1016/S0167-2681(97)00090-5

Affiliations: 1: School of Resource Management, Simon Fraser University, Burnaby, BC V5A 1S6, Canada

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