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| Author: | Horowitz, J. List, J. McConnell, K.E. |
| Title: | A test of diminishing marginal value |
| Journal: | Economica
2007 : VOL. 74:296, p. 650-663 |
| Index terms: | productivity consumption schools of economics utility theory models |
| Freeterms: | marginal value |
| Language: | eng |
| Abstract: | In this paper, experiments on a plenty of subject pools to examine behaviour in both price and exchange settings are reported. There are results from nearly 900 subjects across 19 treatments. Strong evidence is found of diminishing marginal value. |
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