In end-of-chapter exercise 10.7, we considered a very similar situation in which two individuals are identical except
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In end-of-chapter exercise 10.7, we considered a very similar situation in which two individuals are identical except that one has a pizza coupon. We concluded that the two individuals will be able to agree on a price at which to trade the coupon so long as pizza is not a normal good. If there is an endowment effect, will the two people be more or less likely to trade the coupon?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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