Brit Grosskopf

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Examination of the effect of information concerning foregone pay-offs on choice behavior reveals a complex pattern. Depending on the environment , this information can facilitate or impair maximization. Our study of nine experimental tasks suggests that the complex pattern can be summarized with the assumption that initially people tend to be highly(More)
Rights of first refusal are contract clauses that, recognizing the incompleteness of contracts, are intended to provide the holder of a license or lease with some protection when the contract comes to an end. The simplest right of first refusal gives the right holder the ability to act after potential competitors. However, another common implementation of a(More)
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