Robert Franciosi

Experimental tests of the endowment effect (1996)

Franciosi, Robert, Kujal, Praveen [kujal], Michelitsch, Roland, Smith, Vernon, Deng, Gang

The endowment effect, which predicts undertrading and a willingness-to-accept greater than willingness-to-pay, is studied using responses that remove all reference to buying or selling and focuses...

Fairness: Effect on Temporary and Equilibrium Prices in Posted Offer Markets (1995)

Franciosi, Robert, Kujal, Praveen [kujal], Michelitsch, Roland, Smith, Vermon, Deng, Gang

Questionnaire studies suggest that perceptions of fairness cause people to resist price increases following abrupt changes in conditions with no cost justification. This hypothesis is examined in...

Experimental tests of the endowment effect (1994)

Franciosi, Robert, Kujal, Praveen, Michelitsch, Roland, Smith, Vernon L.

The discrepancy between WTA and WTP is supposed to be a manifestation of the endowment effect (KKT). The discrepancy between the average WTA-WTP disappears in the sense of statistical significance...

Experiments with the Pivot Process for Providing Public Goods.

Attiyeh, Greg, Franciosi, Robert, Isaac, R Mark

Interest in demand revealing mechanisms for providing public goods has both waned and then renewed over the past two decades. The possibility of using such mechanisms in different venues than...