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On the design of criminal trials: The benefits of a three-verdict system

Siegel, Ron; Strulovici, Bruno - 2015

Persistent link: https://www.econbiz.de/10011335455

Wealth as a signal in the search model of money

Okumura, Tsunao - 2005

such signaling effects may arise in equilibrium and may lead to more unequal distributions of wealth and lower welfare than …

Persistent link: https://www.econbiz.de/10010266277

A Price is a signal: on intrinsic motivation and crowding-out

Bolle, Friedel - 2007

If a previously unpaid activity (donating blood) is paid then we often observe that this activity is reduced. In this paper, it is hypothesised that the price offered is taken as a proxy for the "market value" of the activity. Depending on how the actor valued the activity previously,...

Persistent link: https://www.econbiz.de/10010297251

Signaling versus auditing

Bester, Helmut; Lang, Matthias; Li, Jianpei - 2021

characterize the trade-offs between signaling by workers and costly auditing by firms. Auditing is always associated with (partial …

Persistent link: https://www.econbiz.de/10012653511

Signaling versus costly information acquisition

Bester, Helmut; Lang, Matthias; Li, Jianpei - 2018

In Spence's (1973) signaling by education model and in many of its extensions, firms can only infer workers …' productivities. We characterize the trade-offs between signaling by workers and costly information acquisition by firms. Information … workers have low productivity. Our analysis applies also to other signaling problems, e.g. the financial structure of firms …

Persistent link: https://www.econbiz.de/10011878920

Patents, data exclusivity, and the development of new drugs

Gaessler, Fabian; Wagner, Stefan - 2019

Pharmaceutical firms typically enjoy market exclusivity for new drugs from concurrent protection of the underlying invention (through patents) and the clinical trials data submitted for market approval (through data exclusivity). Patent invalidation during drug development renders data...

Persistent link: https://www.econbiz.de/10012141882

Bargaining failure and freedom to operate: Re-evaluating the effect of patents on cumulative innovation

Gaessler, Fabian; Harhoff, Dietmar; Sorg, Stefan - 2019

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation that exploits personnel scarcity in post-grant...

Persistent link: https://www.econbiz.de/10012290351

Judicial attitudes under shifting jurisprudence: Evidence from Brazil's new drug law of 2006

2021

This paper exploits the diversity of panels at the court of appeals in the state of São Paulo to address the role of career backgrounds and ideology in shaping the response of judicial decisions to a major shift in jurisprudence on drug offenses. The Brazilian constitution reserves 80% of the...

Persistent link: https://www.econbiz.de/10012671224

I want to know:Willingness to pay for unconditional veto power

Gehrig, Thomas; Güth, Werner; Levinsky, Rene; Uske, Tobias - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

In the Yes/No game, like in the ultimatum game, proposer and respondercan share a monetary reward. In both games the proposer suggests a rewarddistribution which the responder can accept or reject (yielding 0-payoffs). Thegames only differ in that the responder does (not) learn the suggested...

Persistent link: https://www.econbiz.de/10005866695

Parimutuel Betting under Asymmetric Information

Koessler, Frédéric; Noussair, Charles; Ziegelmeyer, … - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2006

This paper examines simple parimutuel betting games under asymmetric information,with particular attention to differences between markets in which bets are submittedsimultaneously versus sequentially. In the simultaneous parimutuel betting market, all(symmetric and asymmetric) Bayesian-Nash...

Persistent link: https://www.econbiz.de/10005866719