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Williamson and Coase : Transaction Costs or Rent-Seeking in the Formation of Institutions

Libecap, Gary D. - National Bureau of Economic Research - 2024

The governance and transaction cost insights of Oliver Williamson (1975, 1985, 1996, 2010) and Ronald Coase (1937, 1992) have framed antitrust polices and firm management strategies. Transaction cost economics explain efficient governance adaptation. With a focus on private efficiency gains...

Persistent link: https://www.econbiz.de/10014576632

The Impact of University Patent Ownership on Innovation and Commercialization

Wang, Jun; Qian, Yi - National Bureau of Economic Research - 2023

This paper contributes to the literature on innovation policies and institutional theory on conditions for effective institutional changes. The "three rights" reform of 26 universities and the mixed ownership reform of Southwest Jiaotong University are important explorations made by China in...

Persistent link: https://www.econbiz.de/10014247942

Divorce and Property Division Laws Shape Human Capital Investment

Blair, Peter Q.; Neilson, Elijah - National Bureau of Economic Research - 2023

In theory, unilateral divorce laws alter the private incentive to invest in human capital by permitting either spouse to initiate the division of the marital assets. Using several causal research designs we show that both men and women are less likely to attain a bachelor's degree in states with...

Persistent link: https://www.econbiz.de/10014337779

Variation in State Response to Open Access : Constituent Characteristics

Libecap, Gary D. - National Bureau of Economic Research - 2024

Open access, competitive exploitation can be incredibly damaging to valuable resources and the human populations that depend upon them. Even though wealth, resource rents and stocks are at stake, open access often seems to be ineffectively addressed across time and space. Institutions vary....

Persistent link: https://www.econbiz.de/10014468221

Bankruptcy Exemption of Repo Markets : Too Much Today for Too Little Tomorrow?

Acharya, Viral V.; Anshuman, V. Ravi; Viswanathan, S. - National Bureau of Economic Research - 2024

We examine the desirability of granting "safe harbor" provisions to creditors of financial intermediaries in sale-and-repurchase (repo) contracts. Exemption from an automatic stay in bankruptcy enables financial intermediaries to raise greater liquidity and induces entry of intermediaries with...

Persistent link: https://www.econbiz.de/10014468227

Giorcelli, Michela - 2020

. Notably, there is no evidence of comparable benefits for extensions in copyright lengths. Complementary analyses for other …

Persistent link: https://www.econbiz.de/10012482065

Intellectual Property and Marketing

Lakdawalla, Darius - 2006

Patent protection spurs innovation by raising the rewards for research, but it usually results in less desirable allocations after the innovation has been discovered. In effect, patents reward inventors with inefficient monopoly power. However, previous analysis of intellectual property has...

Persistent link: https://www.econbiz.de/10012466085

Piracy on the Silver Screen

Rob, Rafael - 2006

New information technology has reduced marginal production and distribution costs of information goods to negligible levels and promises to revolutionize many industries. Unpaid copies of digital products can be as good as paid first-generation copies, and their availability can undermine the...

Persistent link: https://www.econbiz.de/10012466661

Price Discrimination, Copyright Law, and Technological Innovation : Evidence from the Introduction of DVDs

Mortimer, Julie Holland - 2005

.S. copyright law, which effectively prevents direct price discrimination. Using data covering VHS and DVD movie distribution, I … explain studios' optimal pricing strategies under U.S. copyright law, and determine optimal pricing strategies under E ….U. copyright law, which allows for direct price discrimination. I analyze these optimal pricing strategies for both the existing …

Persistent link: https://www.econbiz.de/10012467000

Does Copyright Piracy Pay? The Effects of U.S. International Copyright Laws on the Market for Books, 1790-1920

Khan, B. Zorina - 2004

Does the lack of international copyrights benefit or harm developing countries? I examine the effects of U.S. copyright … changed to allow foreigners to obtain copyright protection in the United States if certain conditions were met. Thus, this … episode in American history provides us with a convenient way of investigating the consequences of international copyright …

Persistent link: https://www.econbiz.de/10012468422