Bruner, David M.; Oxoby, Robert J. - In: Journal of Institutional and Theoretical Economics (JITE) 168 (2012) 4, pp. 731-753
This paper presents an experimental test of a 2-player, one-shot game of conflict in which we vary the strength of property rights and the return on investment. Our results suggest that stronger property rights reduce conflict and increase investment. Contrary to intuition, we find increasing...