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Kong, Xiaojing
Year of Publication: 
Series/Report no.: 
CeDEx discussion paper series 2008-13
We report an experiment designed to evaluate the impact of loss aversion on rent-seeking contests. We find, as theoretically predicted, a negative relationship between rent-seeking expenditures and loss aversion. However, for any degree of loss aversion, levels of rent-seeking expenditure are higher than predicted. Moreover, we find that the effect of loss aversion becomes weaker with repetition of the contest.
Document Type: 
Working Paper

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