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The Effect of Malpractice Law on Physician Supply : Evidence from Negligence-Standard Reforms

Frakes, Michael - 2017

We explore whether the composition of the physician work force is impacted by the clinical standards imposed on physicians under medical liability rules. We theorize that physicians of particular backgrounds will be attracted to regions when the malpractice laws of those regions favor the type...

Persistent link: https://www.econbiz.de/10012955447

Standard-Essential Patents

Lerner, Josh - 2015

A major policy issue in standard setting is that patents that are ex-ante not that important may, by being included into the standard, become standard-essential patents (SEPs). In an attempt to curb the monopoly power that they create, most standard-setting organizations require the owners of...

Persistent link: https://www.econbiz.de/10013034678

Patent Disclosures and Standard-Setting

Lerner, Josh - 2016

A key role of standard setting organizations (SSOs) is to aggregate information on relevant intellectual property (IP) claims before deciding on a standard. This article explores the firms' strategies in response to IP disclosure requirements—in particular, the choice between specific and...

Persistent link: https://www.econbiz.de/10012980198

Certification, Reputation and Entry : An Empirical Analysis

Hui, Xiang - 2018

Markets with asymmetric information will often employ third-party certification labels to distinguish between higher and lower quality transactions, yet little is known about the effects of certification policies on the evolution of markets. How does the stringency in quality certification...

Persistent link: https://www.econbiz.de/10012912526

International Agreements on Product Standard : An Incomplete Contracting Theory

Battigalli, Pierpaolo; Maggi, Giovanni - 2021

We propose a theory of international agreements on product standards. The key feature of the model is that agreements are viewed as incomplete contracts. In particular, these do not specify standards for products that may arise in the future. One potential remedy to contractual incompleteness is...

Persistent link: https://www.econbiz.de/10013218889

Product Standards Coalitions in a Market Without Borders

Casella, Alessandra - 2021

Traditional analyses of standards in international trade identify standards as government regulations and investigate the potential for distortion of trade flows. In reality, however, private industry groups exercise critical influence on the determination of technical standards. The composition...

Persistent link: https://www.econbiz.de/10013221295

Durable Goods and Conformity

House, Christopher L.; Ozdenoren, Emre - 2021

Is the variety of products supplied in markets a reflection of the diversity of consumers' preferences? In this paper, we argue that the distribution of durable goods offered in markets tends to be compressed relative to the distribution of consumers' underlying preferences. In particular, there...

Persistent link: https://www.econbiz.de/10013228053

Competing Engines of Growth : Innovation and Standardization

Acemoglu, Daron - 2010

production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … adapted to be produced using unskilled labor. Our framework highlights a number of novel results. First, standardization is … standardization rate (and of competition). Second, we characterize the growth and welfare maximizing speed of standardization. We show …

Persistent link: https://www.econbiz.de/10013144153

Leveraging Monopoly Power by Degrading Interoperability : Theory and Evidence from Computer Markets

Genakos, Christos - 2011

When will a monopolist have incentives to foreclose a complementary market by degrading compatibility/interoperability of his products with those of rivals? We develop a framework where leveraging extracts more rents from the monopoly market by "restoring" second degree price discrimination. In...

Persistent link: https://www.econbiz.de/10013122878

In Whom We Trust : The Role of Certification Agencies in Online Drug Markets

Bate, Roger - 2013

This paper uses an audit sample and a consumer survey to study the intriguing market of online prescription drugs facing US customers, and assesses the role that certification agencies play in online drug markets. On the supply side, we acquire samples of five popular brand-name prescription...

Persistent link: https://www.econbiz.de/10013091236