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Paper1990

Experimental Tests of the Endowment Effect and the Coase Theorem

Daniel Kahneman, Jack L. Knetsch & Richard H. Thaler

Shows in market experiments that people demand far more to give up a mug they own than they would pay to acquire the same mug, contradicting the Coase theorem's assumption that initial ownership should not affect the final allocation.

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link checked 17 Sept 2026
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