Is there ownership for money?

Mosi Rosenboim, Tal Shavit

Research output: Contribution to journalArticlepeer-review

Abstract

The experimental results from this study show that at least 50% of the subjects ask for more than a bill’s face value when selling it (they ask for a premium), which indicates that there is an ownership effect for money. We also found that subjects who were asked to record the serial number of the bill requested a higher premium, indicating that this act strengthened the ownership effect.

Original languageEnglish
Pages (from-to)1325-1328
Number of pages4
JournalApplied Economics Letters
Volume22
Issue number16
DOIs
StatePublished - 2 Nov 2015

Keywords

  • WTA
  • holding duration
  • money
  • ownership

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