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How Reasonable is the 'Reasonable' Royalty Rate? Damage Rules and Probabilistic Intellectual Property Rights

Choi, Jay Pil - 2021

This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess...

Persistent link: https://www.econbiz.de/10013317488

Regulatory Arbitrage and the Efficiency of Banking Regulation

Boyer, Pierre C. - 2016

caused by regulatory arbitrage on the capacity of regulators to use several regulatory instruments …

Persistent link: https://www.econbiz.de/10012991941

It's the Media, Stupid - How Media Activity Shapes Public Spending

Bruns, Christian - 2008

Politicians seeking reelection need voters to know what they have done for them. Thus, incentives may arise to spend more money where media coverage is higher. We present a simple model to explain the allocation of public spending across jurisdictions contingent on media activity. An incumbent...

Persistent link: https://www.econbiz.de/10012768249

Exploring Higher-Order Risk Effects

Deck, Cary A. - 2008

Higher-order risk effects play an important role in examining economic behavior under uncertainty. A precautionary demand for saving has been linked to the property of prudence and the property of temperance has been used to show how the presence of an unavoidable risk affects one's behavior...

Persistent link: https://www.econbiz.de/10012768261

No-Trade in the Laboratory

Angrisani, Marco - 2013

other participants. In treatments with no gains from trade, theory predicts no trading activity, whereas, in treatments with …

Persistent link: https://www.econbiz.de/10012753387

The Law of One Price - A Case Study

Haskel, Jonathan; Wolf, Holger C. - CESifo - 2001

We use retail transaction prices for a multinational retailer to examine the extent and permanence of violations of the law of one price (LOOP). For identical products, we find typical deviations of twenty to fifty percent, though there is muted evidence for convergence over time. Such...

Persistent link: https://www.econbiz.de/10005181286

Is Medicines Parallel Trade 'Regulatory Arbitrage'?

Costa-Font, Joan - 2015

medicines conflicts with traditional sources of arbitrage (e.g., price and income differences) and instead is a form of … ‘regulatory arbitrage' that does not produce equivalent welfare effects. We draw upon a unique dataset that contains records of … regulation, and not by price differences in line with the hypothesis of ‘regulatory arbitrage' …

Persistent link: https://www.econbiz.de/10013028783

Private Monitoring, Collusion and the Timing of Information

Khalil, Fahad; Lawarrée, Jacques; Scott, Troy Joseph - 2015

When a principal’s monitoring information is private (non-verifiable), the agent should be concerned that the principal could misrepresent the information to reduce the agent’s wage or collect a monetary penalty. Restoring credibility may lead to an extreme waste of resources - the so-called...

Persistent link: https://www.econbiz.de/10014043494

Labor Market Pooling, Outsourcing and Labor Contracts

Picard, Pierre M.; Wildasin, David E. - 2014

Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...

Persistent link: https://www.econbiz.de/10014204210

Stranded Assets, the Social Cost of Carbon, and Directed Technical Change : Macroeconomic Dynamics of Optimal Climate Policy

van der Ploeg, Rick - 2016

The tractable general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for stock-dependent fossil fuel extraction costs and partial exhaustion of fossil fuel reserves, a negative impact of global warming on growth, mean reversion in climate damages,...

Persistent link: https://www.econbiz.de/10012996198