The formation of reference points in consumer choice behavior: Experimental evidence from a fish market in Nigeria

We study the role of endowments and expectations in the construction of reference points in the context of fish trading on fish markets in Nigeria. In our field experiment, consumers can trade a known food item for a novel, superior food item (and vice versa). Endowments matter for reference point f...

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Bibliographic Details
Main Authors: Shikuku, Kelvin Mashisia, Bulte, Erwin, Lagerkvist, Carl Johan, Tran, Nhuong
Format: Conference Paper
Language:Inglés
Published: International Association of Agricultural Economists 2021
Subjects:
Online Access:https://hdl.handle.net/10568/171427

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