It is well known that innovation law and policy must strike a balance between incentivizing inventions on the one hand, and granting monopolies to successful innovators on the other. In achieving this balance, it is commonly presumed that actors in innovation markets respond to their economic...

Elicited preference rankings for two lotteries are typically inconsistent in choice and price. We test whether pre-play learning makes preference rankings consistent. Pre-play learning denotes ex-ante lottery learning, where subjects observe playing lotteries before making decisions. We find...

The results demonstrated in this chapter quite clearly the impact of property rights on the shared expectations about appropriate proposer behavior in both ultimatum and dictator games. If the game is presented as division (which by one definition means literally to separate into equal parts by...