The objective of this paper is to use laboratory experiments to test the dynamic theory of free riding among the target shareholders during a takeover attempt. We construct our experiments to reflect the dynamics of unconditional bidding suggested by Harrington and Prokop (1993) and the dynamics...

The objective of this article is to investigate the impact of research and development (R&D) spillovers on cartelization of industries characterized by differentiated products. For simplicity, we focus on the duopoly market in which firms compete according to the Stackelberg leadership model....

The main objective of the book is to evaluate the effects of EU policy instruments that promote a stronger European dimension of the R&D base in the European Union. This objective can be split into a few specific objectives, which are defined as follows: • Evaluation of the impact of public...

The objective of this paper is to compare the impact of R&D competition (i) under patent protection and (ii) under no patent protection on enterprise innovation and performance with the impact of R&D cooperation in the form of R&D cartel on enterprise innovation and performance. For simplicity...

We study gender differences in preferences for mate characteristics such as perceived (by the opposite sex) physical attractiveness and intelligence using data from the Columbia speed dating experiment. We have observed that the probability of a woman's positive speed dating decision rises with...