Risk aversion and rent-seeking: An extension and some experimental evidence

Public Choice ◽  
1991 ◽  
Vol 69 (1) ◽  
pp. 81-92 ◽  
Author(s):  
Edward L. Millner ◽  
Michael D. Pratt
Keyword(s):  
Risk Aversion ◽  
Experimental Evidence ◽  
Rent Seeking

Litigation Spending and Care under the English and American Rules: Experimental Evidence

2021 ◽  
Author(s):  
Baptiste Massenot ◽  
Maria Maraki ◽  
Christian Thöni
Keyword(s):  
Experimental Evidence ◽  
Rent Seeking ◽  
Experimental Results ◽  
Settlement Rate ◽  
Levels Of Care ◽  
Personal Cost

Abstract We investigate the effects of fee-shifting in an experimental litigation game. In our setup, a defendant may cause harm to a plaintiff. The defendant can take precautions to lower the probability of harm at a personal cost. In case of harm, the parties go to court, where the winner is determined by a rent-seeking contest. We compare two fee-shifting rules: under the American rule each party bears its own litigation costs; under the English rule the loser has to reimburse the winner’s expenses. We test the hypothesis that the English rule leads to higher litigation spending but also to higher care compared to the American rule. The experimental results largely support the predictions: fee-shifting leads to higher litigation spending, which motivates higher levels of care. When the parties are offered the possibility to settle their dispute out of court, fee-shifting leads to even higher litigation spending in court, but it neither affects the settlement rate nor care.

scholarly journals Heterogeneity in Rent-Seeking Contests with Multiple Stages: Theory and Experimental Evidence

2013 ◽  
Author(s):  
Tanja Hörtnagl ◽  
Rudolf Kerschbamer ◽  
Rudi Stracke ◽  
Uwe Sunde
Keyword(s):  
Experimental Evidence ◽  
Rent Seeking ◽  
Multiple Stages

Risk Aversion and the Full Costs of Rent-Seeking*

1999 ◽  
Vol 51 (2) ◽  
pp. 95-109 ◽  
Author(s):  
Richard J. Allard
Keyword(s):  
Risk Aversion ◽  
Rent Seeking

scholarly journals Risk-aversion and prudence in rent-seeking games

Public Choice ◽  
2009 ◽  
Vol 145 (3-4) ◽  
pp. 339-349 ◽  
Author(s):  
Nicolas Treich
Keyword(s):  
Risk Aversion ◽  
Rent Seeking

Multi-period rent-seeking contests with carryover: Theory and experimental evidence

2004 ◽  
Vol 5 (3) ◽  
pp. 187-211 ◽  
Author(s):  
Pamela Schmitt ◽  
Robert Shupp ◽  
Kurtis Swope ◽  
John Cadigan
Keyword(s):  
Experimental Evidence ◽  
Rent Seeking

scholarly journals Risk Aversion and Son Preference: Experimental Evidence from Chinese Twin Parents

2018 ◽  
Vol 64 (8) ◽  
pp. 3896-3910 ◽  
Author(s):  
Soo Hong Chew ◽  
Junjian Yi ◽  
Junsen Zhang ◽  
Songfa Zhong
Keyword(s):  
Risk Aversion ◽  
Experimental Evidence ◽  
Son Preference
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