Holden, Stein; Bezu, Sosina - School of Economics and Business, Norges miljø- og … - 2014
asymmetries. A greater exchange asymmetry was found for the more popular tool than for fertilizer. Loss aversion could explain a … small but significant part of the exchange asymmetry in tools, but experience did not reduce the exchange asymmetry … responses with declining elasticities as prices increased. Key words: exchange asymmetry, endowment effect, loss aversion …