This paper formally explores the optimal length of copyright protection when the value of an intellectual work changes over time due to depreciation and value-enhancing ex-post investments. The first main finding is that, in the case of a single project, granting infinitely-lived copyright...

Purpose: The paper investigates the effect of winning performance streaks (the hot hand) and losing performance streaks (the cold hand) on future performance. Performance streaks have many implications in business settings, such as selecting stocks, hedge fund performance, employee performance,...

This paper formally explores the optimal length of copyright protection when the value of an intellectual work changes over time due to depreciation and value-enhancing ex-post investments. The first main finding is that, in the case of a single project, granting infinitely-lived copyright...

Autism is currently estimated to affect approximately one in every 166 children, yet the cause or causes of the condition are not well understood. One of the current theories concerning the condition is that among a set of children vulnerable to developing the condition because of their...

The Federal Communications Commission exercises broad regulatory authority over merger activity in the cable broadcast industry. In previous rule-makings and court proceedings, the Commission has emphasized concern about the potential for collusive behavior among cable operators in considering...

It is well-known that a seller imposed non-discrimination clause can soften downstream price competition by constraining opportunistic pricing behavior on the part of an upstream monopolist seller. But what about about market settings in which there exists a pivotal buyer? We show that in the...

Using the data from the Survey of Income and Program Participation (SIPP) between 1996 and 2013, the paper empirically estimates the effect of duration of unemployment on reemployment wages for workers 40 years of age and older and decomposes the given effect into the stigma and skill...

Using the data from the Survey of Income and Program Participation (SIPP) between 1996 and 2013, the effects of unemployment duration on the re-employment wages for workers 40 years of age and older are empirically estimated using a quasi-structural model. The findings indicate that the...

Space debris, an externality generated by expended launch vehicles and damaged satellites, reduces the expected value of space activities by increasing the probability of damaging existing satellites or other space vehicles. Unlike terrestrial pollution, debris created in the production process...

Orbital space is an economically and socially valuable resource that provides a vast array of satellite communication services for consumers, businesses, scientists, and governments. Among the socially valuable services provided, orbital satellites collect various types of environmental data...