In all legal systems, possession and property are inextricably linked. Game theory captures this relationship in the Hawk–Dove game: players competing for an asset are better off when the possessor plays Hawk and the intruder plays Dove (the bourgeois strategy) so that property can emerge as a spontaneous convention. This theory has been supported by large experimental evidence with animals. This paper presents a lab experiment where possession is manipulated to study the emergence of the property convention with human subjects. We show that the highest coordination emerges when possession is achieved meritoriously and that possession induces only bourgeois coordination (never antibourgeois).

Marco Fabbri, Matteo Rizzolli, Antonello Maruotti (2021). Possession is Nine-Tenths of the Law: possession, property, and coordination in a Hawk–Dove Experiment. JOURNAL OF INSTITUTIONAL ECONOMICS, 17(2), 267-288 [10.1017/s1744137420000442].

Possession is Nine-Tenths of the Law: possession, property, and coordination in a Hawk–Dove Experiment

Marco Fabbri
Co-primo
;
2021

Abstract

In all legal systems, possession and property are inextricably linked. Game theory captures this relationship in the Hawk–Dove game: players competing for an asset are better off when the possessor plays Hawk and the intruder plays Dove (the bourgeois strategy) so that property can emerge as a spontaneous convention. This theory has been supported by large experimental evidence with animals. This paper presents a lab experiment where possession is manipulated to study the emergence of the property convention with human subjects. We show that the highest coordination emerges when possession is achieved meritoriously and that possession induces only bourgeois coordination (never antibourgeois).
2021
Marco Fabbri, Matteo Rizzolli, Antonello Maruotti (2021). Possession is Nine-Tenths of the Law: possession, property, and coordination in a Hawk–Dove Experiment. JOURNAL OF INSTITUTIONAL ECONOMICS, 17(2), 267-288 [10.1017/s1744137420000442].
Marco Fabbri; Matteo Rizzolli; Antonello Maruotti
File in questo prodotto:
File Dimensione Formato  
Possession.pdf

accesso aperto

Tipo: Postprint
Licenza: Licenza per Accesso Aperto. Creative Commons Attribuzione - Non commerciale - Non opere derivate (CCBYNCND)
Dimensione 1.57 MB
Formato Adobe PDF
1.57 MB Adobe PDF Visualizza/Apri

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/900930
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus 4
  • ???jsp.display-item.citation.isi??? 5
social impact