Valuing Intellectual Property- An Experiment
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Valuing Intellectual Property- An Experiment
Cornell Law ReviewVolume 96Issue 1 November 2010Article 7Valuing Intellectual Property: An Experiment(. Ihristopher Buccafusco(. Ihristopher SprigmanF Valuing Intellectual Property- An ExperimentFollow this and additional works at: http://scholarship.law.cornell.edu/clr&Part of the Law CommonsRecommended CitationChristopher Buccafasco and Christopher sprigman, Viilimnj littellMual Property: An Experiment, 96 Cornell L Rev. 1 (2010) Available at: http://scholarahipJawxomell.edU/dr/vol96/issl Valuing Intellectual Property- An Experiment/71 his Article Is brought to you for free and open access by the Journals at SchobrshipựCixTiei] Law: A Digital Repository. It has been accepted forValuing Intellectual Property- An Experiment
inclusion in Cornell Law Review by an authorized administrator of Scholanhip^Comell Law: A Digital Repository. For more infccmation. plcaac contact jmCornell Law ReviewVolume 96Issue 1 November 2010Article 7Valuing Intellectual Property: An Experiment(. Ihristopher Buccafusco(. Ihristopher SprigmanF Valuing Intellectual Property- An ExperimentpertyLaw........................................................ 5A.Classical Economics and IntellectualProperty.....5B.Behavioral Challenges to the Radonal ChoiceModel: The Endowment Effect........................... 61.The Strength of the Endowment Effect............... 92.Psychological Mechanisms Valuing Intellectual Property- An Experiment Behind the EndowmentEffect...........................................11c. The Endowment Effect in Legal Scholarship...........13D.Our Hypothesis.....Valuing Intellectual Property- An Experiment
.................................. 15II.Modeling AN ip Market.................................... 17A.The Contest: “Eyes Closed”......................Cornell Law ReviewVolume 96Issue 1 November 2010Article 7Valuing Intellectual Property: An Experiment(. Ihristopher Buccafusco(. Ihristopher SprigmanF Valuing Intellectual Property- An Experiment......................... 21c.The Lottery: “Blind”.................................. 231.Lottery Method ...................................232.Lotteiy Results................................... 24III.Understanding Creators’ Behavior: InterpretingOur Results........................................... Valuing Intellectual Property- An Experiment.... 25rv. Implications for Intellectual Property Law and Policy................................................... 31A.Do the Endowment Effects We ObValuing Intellectual Property- An Experiment
serve Lead toInefficiency?........................................ 31Cornell Law ReviewVolume 96Issue 1 November 2010Article 7Valuing Intellectual Property: An Experiment(. Ihristopher Buccafusco(. Ihristopher SprigmanFCornell Law ReviewVolume 96Issue 1 November 2010Article 7Valuing Intellectual Property: An Experiment(. Ihristopher Buccafusco(. Ihristopher SprigmanFGọi ngay
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