Documents & Reports

Loss aversion and trade policy (English)

Abstract

This paper provides new survey evidence showing that loss aversion and reference dependence are important in shaping people's perception of trade policy. Under the assumption that agents' welfare functions exhibit these behavioral elements, we analyze... See More +

Details

  • Freund, Caroline; Ozden, Caglar;
  • 2004/09/01
  • Policy Research Working Paper
  • WPS3385
  • 1
  • 1
  • World
  • The World Region
  • 2010/07/01
  • Loss aversion and trade policy
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