The Endowment Effect: IP and Human Rationality

Brian Chau is a JD Candidate at Osgoode Hall Law School. In a recent article, Christopher J. Buccafusco and Christopher Jon Sprigman consider whether IP transactions are subject to “endowment effects”. The endowment effect is a human behavioural phenomenon in which an individual’s perceived value of an object they own is greater than the value prescribed by […]