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{"id":47602,"date":"2019-02-12T11:25:41","date_gmt":"2019-02-12T11:25:41","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=publication&p=47602"},"modified":"2024-09-18T17:16:07","modified_gmt":"2024-09-18T16:16:07","slug":"the-endowment-effect-discounting-and-the-environment","status":"publish","type":"publication","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/publication\/the-endowment-effect-discounting-and-the-environment\/","title":{"rendered":"The endowment effect, discounting and the environment"},"content":{"rendered":"\n

There is a considerable body of evidence showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this paper, we consider the implications of the endowment effect for discounting, with a special focus on discounting future improvements in the environment. We show that the endowment effect modifies the discount rate

Simon Dietz, Frank Venmans, The endowment effect, discounting and the environment, Journal of Environmental Economics and Management, 2019, ISSN 0095-0696,<\/strong>
\nhttps:\/\/doi.org\/10.1016\/j.jeem.2019.01.010.<\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"\n