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approaches to the theorem interpretation generate conflicts in a perception and identification of externalities. It is a solution … theorem statement has been made clearer; we have also put forward a hypothesis on an origin of the externalities and … utility of impure goods depends on the vector of the externalities, which ultimately determines the stratification in a field …
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I analyse firms organisational choices when they face uncertainty about institutional conditions in foreign locations with heterogeneous final good producers and incomplete contracts. As firms learn about the conditions abroad, the increasing offshoring activity increases competition in the...
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mortgage title has significant negative externalities on the economy asa whole.This Article proposes reconciling the competing …
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We empirically quantify the sensitivity of investments to uncertain property rights by drawing upon the Northern Pacific's massive land grant and the ensuing political and legal battle that generated significant uncertainty to title. To overcome the empirical challenge that property rights and...
Persistent link: https://www.econbiz.de/10012852011
Ever since genes were first patented, the legitimacy and economics of human gene patents have been at the forefront of intense debate. Different stakeholders have expressed concerns about the effect of ‘blocking patents’ or ‘patent thickets’ on genetic technology, arguing that because...
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International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …
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International climate negotiations take place in a setting where uncertainties regarding the impacts of climate change …
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