| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5057959 | Economics Letters | 2016 | 4 Pages |
Abstract
â¢It is a sequential game that links endowment effect with natural property rights.â¢Natural property rights is jointly decided by endowment effect and relative contestability.â¢Abundant idle resources helps to secure natural property rights.â¢Third-party help is needed when the intruder significantly dominates in contestability.
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Zhiqiang Dong, Yongjing Zhang,