This paper studies the determinants of the intellectual property license of the Massive Open Online Courses (MOOCs) provided on a French platform. While they can opt for a traditional intellectual property right license, the vast majority chooses among creative commons licenses. Considering the...

This paper examines the market conditions that facilitate the entry of for-profit institutions into the higher education market. I show how, despite significant government financial support for public institutions, for-profit institutions may still find it profitable to enter the market. They do...

In this paper we explain the apparent diversification discount of conglomerates without assuming inefficent-cross subsidisation through internal capital markets. Instead we assume that an internal capital market efficiently redistributes scare resources across a conglomerates divisions between...