Using cross-section data from the 1997 Skills Survey of the Employed British Workforce, we examine the labour-market returns to self-assessed computer skills in Britain. Many researchers, using information on computer technology use, have concluded that wage differentials between computer users...

The process of developing a new technology through open discussion has been called collective invention. This paper documents two episodes of collective invention and proposes a general model based on search theory. The first episode deals with the development of mass production steel in the...

In a set-target game, two players choose elements in some set X, and payoffs depend on whether the value of some function of these choices lies in a target set T. Typically, a set-target game has a continuum of Nash equilibria. Replacing the deterministic set T by a stochastic one and then...

This paper studies the impact of product and labour market structural reforms and the effects of their joint implementation with alternative debt consolidation strategies. The set-up is a DSGE model calibrated for the Greek economy. The results show that structural reforms produce important...

Video games raise various legal questions and challenges for the IPR system, mainly due to the complexity and segmentation of the game and there is some particular problem with a particular video like trademark registration, and copyrighted content directly such as sound effects. The current...

We empirically study how to seed products in a network in the presence of peer effects from both friends and strangers. The product adoption decisions of friends and strangers can both strongly influence consumers' purchase behaviour, but their importance relative to each other is unknown. We...

Companies in platform-based business markets have widely embraced freemium business models where profit primarily depends on a minority of paying customers. However, the key challenge of these models is transitioning participants from free users to paying consumers. To encourage paid...