The Effect of Ownership History on the Valuation of Objects

@article{Strahilevitz1998TheEO,
  title={The Effect of Ownership History on the Valuation of Objects},
  author={M. Strahilevitz and G. Loewenstein},
  journal={ERN: Primary Taxonomy (Topic)},
  year={1998}
}
Previous work on the endowment effect has demonstrated that current ownership status affects object valuation and that this effect occurs instantaneously on possession of an object. The current work presents findings from four studies which indicate that the history of past ownership can also affect object valuation. For objects currently in one's possession, we find that valuation increases with duration of ownership. For objects not in one's possession, previous ownership experience increases… Expand
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