A sequential game of endowment effect and natural property rights

Zhiqiang Dong () and Yongjing Zhang ()

Economics Letters, 2016, vol. 149, issue C, 108-111

Abstract: This study develops a sequential game between the incumbent and the intruder to examine how endowment effect decides natural property rights of a territory without third-party intervention.

Keywords: Endowment effect; Contestability; Natural property rights (search for similar items in EconPapers)
JEL-codes: C72 D02 D03 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:149:y:2016:i:c:p:108-111

DOI: 10.1016/j.econlet.2016.10.009

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