Munich Personal RePEc Archive

Endowment Effects in Contests

Price, Curtis and Sheremeta, Roman (2011): Endowment Effects in Contests. Published in: Economics Letters

[thumbnail of MPRA_paper_52103.pdf]

Download (245kB) | Preview


We experimentally study overbidding in contests and find that overbidding is significantly higher when subjects are given a large per-experiment endowment rather than when the endowment is given per-period. Risk-aversion and non-monetary utility of winning can partially explain our findings.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.