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Much of the recent history of intellectual property has been a move from status to contract, resulting in an unchecked …
Persistent link: https://www.econbiz.de/10012989983
In this article we study the relation between the quality of contract enforcement and R&D investment across countries …
Persistent link: https://www.econbiz.de/10010342222
Motivated by the differences in innovation intensity across countries, this paper evaluates the role of contract … enforcement for R&D investments. If contracts for inputs are incomplete and contract enforcement is weak, innovative companies can …
Persistent link: https://www.econbiz.de/10014156503
law", it typically is assumed, increases the likelihood of contract performance by increasing the probability of … she wants to enter a contract without knowing whether the second mover will perform. We analyze how contract … find that economic incentives have a non-monotonic impact on behavior. Individuals perform a contract when enforcement is …
Persistent link: https://www.econbiz.de/10014150985
Contracts involving promises to commit criminal acts are ordinarily unenforceable. Yet nonenforcement does not fully deter incentives to form criminal agreements. This Article demonstrates that partial enforcement can generate greater deterrence incentives by disrupting the trust relationship...
Persistent link: https://www.econbiz.de/10014242666
This paper presents an incomplete contracting model to show how judicial corruption and judicial favoritism can lead to distortions in agents' incentives to invest in relation-specific assets and cause inefficiency. I also show that while an increase in the judge's income always increases...
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