Purpose: This article investigates the influence of status quo bias (SQB) on venture capital investments. Design/methodology/approach: The authors use the dynamic panel probit (respectively logit) model for 24 countries over nine years (from 2007–2015). Findings: The authors’ regressions...

Abstract We investigate empirically the relationship between software piracy and GDP per capita by considering non-linear effects. We use a panel data analysis for 100 countries over a period of 15 years. We remedy several previous econometric and methodological shortcomings and show that piracy...

We experimentally test in a developing country whether people prefer a situation where individual and social interests coincide, a situation promoting equality or another one promoting a better relative position. We also investigate whether incentive compatible choices are consistent with...

Purpose The purpose of this paper is to expose two mechanisms by which pirated firms that market cultural goods can strategically use piracy to increase their profits. Design/methodology/approach The authors interpret several world examples through the lens of behavioral economics to identify...