This land is our land: The impact of group identity associations on the endowment effect

2005 ◽  
Author(s):  
Alison Ledgerwood ◽  
Peter Carnevale
Keyword(s):  
Group Identity ◽  
Endowment Effect ◽  
The Impact

scholarly journals Impact of alternative regional trade arrangements on the Ethiopian economy

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Habtamu Shiferaw Amogne ◽  
Taiji Hagiwara
Keyword(s):  
Transition Period ◽  
Terms Of Trade ◽  
Endowment Effect ◽  
Welfare Loss ◽  
Customs Union ◽  
Regional Trade ◽  
Partnership Agreement ◽  
Saving Effect ◽  
The Impact ◽  
Trade And Investment

AbstractThe Common Market for Eastern and Southern Africa (COMESA) is a Free Trade Area (FTA) regional trade agreement in Africa. Currently, Ethiopia is negotiating to join COMESA FTA. This study assesses the impact of three regional trade arrangements, COMESA FTA, customs unions, and the European Partnership Agreement (EPA) on the economy of Ethiopia. The analysis is based on a static Global Trade Analysis Project (GTAP) model, version 9 database. Unlike previous studies, the customs union scenarios are designed at the detailed Harmonized System (HS) level. COMESA FTA (scenario 1) with standard GTAP model results in a welfare loss for Ethiopia due to negative terms of trade and investment-saving effect, but with unemployment closure (scenario 2); Ethiopia enjoys a welfare gain mainly due to endowment effect. In scenario 3 (COMESA customs union) and scenario 4 (European Partnership Agreement), Ethiopia loses due to negative terms of trade and investment-saving effect. There is a large increase in demand for unskilled labor force in Ethiopia by around US$23 million, US$112 million, and US$43 million for scenario 2, 3, and 4 respectively. Moreover, there is a positive output effect for oilseeds, leather, and basic metals across all scenarios. The world, as a whole, enjoys welfare gains with COMESA FTA (scenario 1 and 2). However, with scenario 3 and 4, there is an overall welfare loss. There is no strong reason for Ethiopia to move to the customs union, and the EPA in the short run. Therefore, a transition period is necessary, but it is recommended for Ethiopia to join COMESA FTA.

scholarly journals Expanding Innovation Through Challenging Organization Endowments

2021 ◽  
Vol 9 (1) ◽  
pp. 1-24
Author(s):  
Steven Griggs
Keyword(s):  
Management Practices ◽  
Endowment Effect ◽  
Incremental Innovation ◽  
Large Firms ◽  
The Impact

Revolutionary innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or revolutionary innovative offerings. A reason for the lack of innovation in mature or large firms is based on management practices over the last several decades. These practices have created biases in the form of an endowment effect, which results in incremental innovation. Endowment effects impact on innovation will be explored and methods to reduce the impact of endowment effect and overcome the biases are offered.

Exploring the impact of group identity at university on psychological and behavioural outcomes

2020 ◽  
pp. 1-11
Author(s):  
Elena Spiridon ◽  
Jean Davies ◽  
Linda K. Kaye ◽  
Rod I. Nicolson ◽  
Bryan W. X. Tang ◽  
...  
Keyword(s):  
Group Identity ◽  
The Impact

Enhancing valuation: the impact of self-congruence with a brand on the endowment effect

2015 ◽  
Vol 58 ◽  
pp. 178-185 ◽  
Author(s):  
Veronica L. Thomas ◽  
Marie Yeh ◽  
Robert D. Jewell
Keyword(s):  
Endowment Effect ◽  
The Impact

scholarly journals Private Valuation of a Public Good in Three Auction Mechanisms

2011 ◽  
Vol 2 (2) ◽  
pp. 1-29 ◽  
Author(s):  
Arnaud Z. Dragicevic ◽  
David Ettinger
Keyword(s):  
Public Good ◽  
Public Funding ◽  
Endowment Effect ◽  
Market Mechanism ◽  
Logarithmic Scale ◽  
Pure Public Good ◽  
Auction Mechanisms ◽  
Price Auction ◽  
Second Price Auction ◽  
The Impact

We evaluate the impact of three auction mechanisms—the Becker-DeGroot-Marschak (BDM) mechanism, the second-price auction (SPA), and the random nth-price auction (NPA)—in the measurement of private willingness-to-pay and willingness-to-accept for a pure public good. Our results show that the endowment effect is lower with the BDM mechanism. In this market mechanism, the effect disappears after a few repetitions. Yet, on a logarithmic scale, the random nth-price auction yields the highest speed of convergence towards equality of welfare indices. We also observe that subjects value public goods in reference to their private subjective benefit derived from their public funding.

The impact of group identity on the social dynamics and sustainability of chamber music ensembles

2021 ◽  
pp. 71-76
Author(s):  
Alana Blackburn
Keyword(s):  
Environmental Factors ◽  
Chamber Music ◽  
Social Dynamics ◽  
Group Identity ◽  
The Social ◽  
Music Ensembles ◽  
Personal Experiences ◽  
The Impact ◽  
Goals And Objectives

Group identity is viewed as a way to distinguish one group from another. In a competitive, ever-changing environment, group identity is considered increasingly important for a musical ensemble in terms of developing a niche, gaining audience attention, and creating a successful performing team. Thirty professional chamber musicians from “unconventional” or “non-traditional” ensembles were individually interviewed about their personal experiences working within this environment. Results show that group identity emerges in two main ways: members sharing similar characteristics, goals, and objectives, often based on repertoire choice and programming; and the sound or musical aesthetic developed through an interpretation of repertoire, instrumental combination, and the collective skills and knowledge of the musicians. This case study highlights the need for a constant vision and aesthetic concept throughout the lifetime of the ensemble in order for it to be sustainable, yet having to evolve and adapt to changing environmental factors and external influences.

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