This is the thesis of a later paper by Plott and Zeiler, and AFAIK (haven’t read it), they do new experiments and find evidence for it and against the endowment effect theory. The economist covered it here.
This is the thesis of a later paper by Plott and Zeiler, and AFAIK (haven’t read it), they do new experiments and find evidence for it and against the endowment effect theory. The economist covered it here.