We present a laboratory investigation of intertemporal choice (i.e., elicited
discount rates) allowing for the influence of the endowment effect. Consistent with the
previous literature, we hypothesize that the endowment effect in an intertemporal choice
setting results in substantially higher discount rates relative to when individuals treat the
resources in question as found money. Our results support this hypothesis and our experimental
design provides a new protocol for conducting choice experiments wherein
the endowment effect is an important determinant of behaviour. JEL classification