PROPERTY RIGHTS AND LOSS AVERSION IN CONTESTS
نویسندگان
چکیده
منابع مشابه
Risk Aversion and Rights Accretion in Intellectual Property Law
A B ST R ACT. Intellectual property's road to hell is paved with good intentions. Because liability is difficult to predict and the consequences of infringement are dire, risk-averse intellectual property users often seek a license when none is needed. Yet because the existence (vel non) of licensing markets plays a key role in determining the breadth of rights, these seemingly sensible licensi...
متن کاملRisk aversion in symmetric and asymmetric contests
We analyze existence, uniqueness and properties of equilibria in incompletely discriminating Tullock contests with logistic contest success functions, when contestants are risk averse. We prove that a Nash equilibrium for such a contest exists, but give an example of a symmetric contest with both symmetric and asymmetric equilibria, showing that risk aversion may lead to multiple equilibria. Sy...
متن کاملThe Loss of Property Rights and the Collapse of Zimbabwe
What in the world happened to Zimbabwe? Although the country certainly had its share of difficulties during the first 25 years since independence in 1980, it largely dodged the famines, civil strife, and grossly mismanaged government policies so common in other subSaharan African countries. Through the 1980s, its annual real GDP growth averaged more than 5 percent, and, unlike other African cou...
متن کاملEstimating Property Rights Expenditures in Iran
There are many indices for measuring property rights (PR) security. They may be classified into two groups: subjective proxies and objective proxies. Most of the proxies are subjective. One contribution of this paper is introducing a new approach for measuring government expenditures devoted to PR protection. Calculating physical capital within the introduced new approach is another contributio...
متن کاملRisk and Risk Aversion Effects in Contests with Contingent Payments
perc.tamu.edu 1 Contests and the influence of their design reach much further than just the sporting world. Firms seeking new products, investors backing competitors, and government agencies in search of design solutions are all examples of different models of contest design found in the marketplace. Those seeking new technology, innovation, design, and investment must select a winner from many...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economic Inquiry
سال: 2017
ISSN: 0095-2583
DOI: 10.1111/ecin.12505