This paper explains the endowment effect, whereby sellers generally demand considerably more for a good than buyers are prepared to pay, and related anomalies. Many decisions, including nominating buying or selling prices, involve uncertainty, and we assert that people experience negative...

Oats are the fourth most important crop in the United States, qfter corn, wheat and soybeans, according to area planet. The U.S. is an impotant world producer of oats, ranking second only to the U.S.S.R., although West Germany, Poland and Canada are important producers.