Patenting is a most common strategies to protect and commercially exploit innovations. Patented inventions could be licensed on the market, and its use allowed to interested parties at a price. Therefore, many organizations have to form desirable combinations of licenses, to perform efficiently...

According to the Lisbon Strategy innovation is considered to be a fundamental element for socio-economic growth in the EU. In particular, since it is estimated to count for about 16-18% of the European GDP, public procurement can be a driving force for this. To support this role in 2007 the EC...

In the stage game Prisoner's Dilemna one line of research which is pursued to justify the cooperative outcome is based upton some idea of correlation. This paper aims at testing whether correlation could support a cooperative behavior in the long run, by embedding the infinitely repeataed game...

In recent years internet auctions have attracted much attention. This paper discusses a possible explanation for empirical evidence, notably in fixed-end auctions such as eBay, showing a low number of offers early in the auction, with most of the bids concentrated towards the end of the auction....

The paper introduces Knightian uncertainty, formalized by non-additive probabilities, within a simple agency model. The framework appears to be suitable to deal with issues like delegation in innovative firms. The paper stresses that, with Knightian uncertainty, if the principal is pessimistic...

The paper shows that in a Prisoner’s Dilemma Knightian uncertainty, formalised by multiple priors, may entail cooperation at a generalised Nash Equilibrium. The main idea is that players may have an attitude towards uncertainty that depends upon their available strategies. In particular, if...

In the economic literature the most widely used type of additive time discounting is Exponential Discounting. Recent work however casts doubts on its ability in explaining how individuals effectively choose. In particular a more general form of discounting that gained importance, in both applied...

Individuals choosing among payoffs available at different points in time are considered as rational if they are time consistent. This occurs when their plans of actions are effectively implemented. With time consistent decision makers, the paper points out an interesting dual behavior related...

Among non Exponential Discounting (ED) models, introduced to capture time inconsistent choices, Hyperbolic Discounting (HD) recently gained particular relevance. This paper points out that, for some particular payoff structures, HD can also represent consistent preferences