In Germany, employers can claim the right to any invention made by their employees, but have to pay a compensation if they do so. Recently this compensation was made subject to a legal reform proposal (and a new law concerning university employees). We set up a simple Principal-Agent model to...

In Germany, employers can claim the right to any invention made by their employees, but have to pay a compensation if they do so. Recently this compensation was made subject to a legal reform proposal (and a new law concerning university employees). We set up a simple Principal-Agent model to...

The European Commission mandated the consulting firm CE Delft to develop a framework for the internalisation of external costs and to devise a number of potential internalisation scenarios for further analysis. The results of their preliminary research are published in a CE discussion paper, and...

This paper presents a modification of the inspection game: The "Bayesian Monitoring" model rests on the assumption that judges are interested in enforcing compliant behavior and making correct decisions. They may base their judgements on an informative but imperfect signal which can be generated...