We investigate patent litigation, settlements and R&D incentives on a market where two firms develop technologies of differentiated products. Firms may sell IP rights to a Patent Assertion Entity (PAE) that acts as intermediary for patent monetization. We find that the effects of this so-called...

A sender seeks to persuade a receiver by presenting evidence obtained through a sequence of private experiments. The sender has complete flexibility in his choice of experiments, contingent on the private experimentation history. The sender can disclose each experiment outcome credibly, but...

Purpose – This study examines the spatial and inter-temporal spillover effects of privatization on the corporate efficiency and regional income inequality of Chinese state-owned enterprises (SOEs).Design/Methodology/Approach – The spatial Durbin model (SDM) is used in regressions to examine...

Private companies far outnumber public ones but receive scant scholarly, public, or regulatory attention and little is known about their governance. In this Article, we begin to fill the void by shedding light on the governance of the largest 200 private companies in the world – some of which...

We study the effects of state-owned enterprise (SOE) privatization on political distrust and social unrest in China. Exploiting variations in geography, time, and life-cycle stage induced by the influential 1998-2002 SOE reform and instrumental variable estimation, we document that working-age...

The emergency financial act introduced by President Park Chung-Hee of Korea in 1972 was a controversial policy that violated the free market principles by implementing substantial deduction of private debt. This interventionist measure, while pioneering, was based on authoritarianism and...

Information and Communication Technologies (ICT) generate a wide range of social and economic externalities. Therefore, if ICT are not deployed and adopted within short periods of time, countries face significant social and economic opportunity costs. This paper provides empirical evidence in...

Publication of data according to the System of indicators to assess the effectiveness of state property management began in 2016 in compliance with the RF Government Decree of 29.01.2015 No. 72. This system has replaced monitoring of indicators of the public sector of the economy, conducted by...

From public lands to beaches and to data, our society is rich with resources purposefully kept in the public domain. Common resources provide profound economic, social, and democratic value to individuals, communities, and society as a whole. These, however, depend on the public’s ability to...

Workers in developing countries waste significant time commuting, and gaps in public transit constrain access to productive jobs. In many cities, privately-operated minibuses provide 50–100% of urban transit, at the cost of long wait times and poor personal safety for riders. Should...