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Psychological Ownership and Economic Decisions: The implications of Perceived and Real Ownership for Economic Behavior.

Special Section Editors:

• Stephan Dickert (Vienna University of Economics and Business, Austria; Linköping University, Sweden) Assistant Professor of Marketing & Visiting Assistant Professor of Psychology
• Bernadette Kamleitner (Vienna University of Economics and Business, Austria) Professor of Marketing

Ownership is a concept that is present in nearly all interactions involving (the exchange of) goods. Evidently, every economic transaction also involves a transfer of ownership. It therefore comes as no surprise that ownership is at the center of many research endeavors in economic decision making. Prominent examples include violations of rational behavior as shown in the endowment effect, where ownership of a good leads to higher valuations and under-trading in markets, as well as distribution of wealth and bargaining problems, in which rational self-interest is pitted against social preferences and fairness considerations. In other areas of the social sciences, in particular psychology the topic of ownership has also generated a plethora of research ranging from the social and cognitive underpinnings of what it means to “own” something to the evolutionary and developmental origins of the concept of possessions. Whereas economic research has examined ownership largely in the context of exchanges of goods, psychological research has also focused on the motivational and situational effects of (psychological) ownership on (economic) everyday decisions and behaviors. What is remarkable is that there have been hardly any cross links between different groups of researchers and disciplines working on the same fundamental phenomenon.

This special section in the Journal of Socio-Economics (JoSE) is aimed at showcasing the different approaches to the economic and psychological research on ownership. It will thus explore the relevance of the concept of (psychological) ownership for theorizing in economics and explanations of economic behavior. Suggested topics include (but are certainly not limited to):

• Phenomena related to endowment effects, including comparisons of different domains and explanations
• Differences and similarities across modes of ownership and types of owners (e.g., groups, firms, individuals)
• Antecedents and consequences of perceived or psychological ownership on diverse behaviors in diverse markets (including markets such as employment markets, digital markets and non-monetary exchange platforms)
• Conceptual and empirical distinctions between ownership and other types of person-object relations such as common goods

SUBMISSION INFORMATION

We invite both conceptual and empirical papers with a variety of perspectives on how (psychological) ownership influences economic choices, valuations and behavior. The Journal of Socio-Economics publishes scholarly work on various economic topics related to other social sciences, such as psychology and sociology. Authors are advised to take into account the broad and interdisciplinary readership of the journal when writing their manuscripts. More information can be found here:

Submission of manuscripts opens on October 10th, 2013, and the final date to submit is January 10th, 2014. Only original papers not currently under review or published in other journals may be submitted. Prior submission of abstracts is not required, although authors are invited to make use of this option if they have questions about topics and suitability. The review process of submitted manuscripts will follow the standard of JoSE. Please precisely follow the guidelines for authors and only submit your manuscript via JoSE’s online submission system (see ).

For questions, please contact Stephan Dickert (Stephan.Dickert@wu.ac.at) or Bernadette Kamleitner (Bernadette.Kamleitner@wu.ac.at).

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