Abstract
The experimental results from this study show that at least 50% of the subjects ask for more than a bill’s face value when selling it (they ask for a premium), which indicates that there is an ownership effect for money. We also found that subjects who were asked to record the serial number of the bill requested a higher premium, indicating that this act strengthened the ownership effect.
| Original language | English |
|---|---|
| Pages (from-to) | 1325-1328 |
| Number of pages | 4 |
| Journal | Applied Economics Letters |
| Volume | 22 |
| Issue number | 16 |
| DOIs | |
| State | Published - 2 Nov 2015 |
| Externally published | Yes |
Keywords
- WTA
- holding duration
- money
- ownership