Durham, Yvonne; Hirshleifer, Jack; Smith, Vernon L. - In: Handbook of experimental economics results : volume 1, (pp. 127-137). 2008
Individuals and organizations if rational and self-interested will equalize the marginal returns of two ways of generating income: (1) production and exchange, versus (2) appropriative efforts for capturing resources previously controlled by other parties (or to defend against appropriation by...