scholarly journals Conservation Auctions, Collusion and the Endowment Effect

2018 ◽  
Author(s):  
Justin Dijk ◽  
Erik Ansink ◽  
Daan P. van Soest
Keyword(s):  
Endowment Effect ◽  
Conservation Auctions

Unpacking the endowment effect from experience

2014 ◽  
Author(s):  
Thorsten Pachur ◽  
Benjamin Scheibehenne
Keyword(s):  
Endowment Effect

The Endowment Effect: Loss Aversion or a Buy-Sell Discrepancy?

2020 ◽  
Author(s):  
Gal Smitizsky ◽  
Wendy Liu ◽  
Uri Gneezy
Keyword(s):  
Loss Aversion ◽  
Endowment Effect

scholarly journals Impact of alternative regional trade arrangements on the Ethiopian economy

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Habtamu Shiferaw Amogne ◽  
Taiji Hagiwara
Keyword(s):  
Transition Period ◽  
Terms Of Trade ◽  
Endowment Effect ◽  
Welfare Loss ◽  
Customs Union ◽  
Regional Trade ◽  
Partnership Agreement ◽  
Saving Effect ◽  
The Impact ◽  
Trade And Investment

AbstractThe Common Market for Eastern and Southern Africa (COMESA) is a Free Trade Area (FTA) regional trade agreement in Africa. Currently, Ethiopia is negotiating to join COMESA FTA. This study assesses the impact of three regional trade arrangements, COMESA FTA, customs unions, and the European Partnership Agreement (EPA) on the economy of Ethiopia. The analysis is based on a static Global Trade Analysis Project (GTAP) model, version 9 database. Unlike previous studies, the customs union scenarios are designed at the detailed Harmonized System (HS) level. COMESA FTA (scenario 1) with standard GTAP model results in a welfare loss for Ethiopia due to negative terms of trade and investment-saving effect, but with unemployment closure (scenario 2); Ethiopia enjoys a welfare gain mainly due to endowment effect. In scenario 3 (COMESA customs union) and scenario 4 (European Partnership Agreement), Ethiopia loses due to negative terms of trade and investment-saving effect. There is a large increase in demand for unskilled labor force in Ethiopia by around US$23 million, US$112 million, and US$43 million for scenario 2, 3, and 4 respectively. Moreover, there is a positive output effect for oilseeds, leather, and basic metals across all scenarios. The world, as a whole, enjoys welfare gains with COMESA FTA (scenario 1 and 2). However, with scenario 3 and 4, there is an overall welfare loss. There is no strong reason for Ethiopia to move to the customs union, and the EPA in the short run. Therefore, a transition period is necessary, but it is recommended for Ethiopia to join COMESA FTA.

scholarly journals An endowment effect for risk levels: Evidence from a Ugandan lab

2021 ◽  
Vol 182 ◽  
pp. 297-310
Author(s):  
Paul Clist ◽  
Ben D’Exelle ◽  
Arjan Verschoor
Keyword(s):  
Endowment Effect ◽  
Risk Levels
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