The aim of this article is to investigate the impacts of cooperative and non-cooperative R&D strategies on product innovation and firm performance. Based on the industrial economics literature and the optimisation model, R&D competition, R&D cartelisation, and full industry cartelisation...

The purpose of the study was to verify a hypothesis, inspired by the handicap principle, of a positive relationship between subjective value of a hypothetical monetary reward shared with others and the level of fluid intelligence. Manipulation involved the amount of reward to be shared (small...

On the basis of literature on delay discounting, potential mechanisms of relations between self-control and altruism are considered. The discussed possibilities are: cause-and-effect relationship (self-control enabling sacrificing immediate benefits caused by selfish behaviour in favor of future...

This survey paper discusses the links between (1) research done by Amartya K. Sen on the social rate of discount and (2) behavioural economics studies on intertemporal and interpersonal choice. Sen's idea on the need to differentiate social rate of discount allowed to pave the way further...

In the following paper the author applies concepts of information economics (hidden characteristics and signaling) to decision-making processes in the hierarchical organizations. The case of entering an investment project by the company is thoroughly examined. The aim of the paper is to identify...

The objective of this paper is twofold. First, we study the patent hold-up problem in game-theoretic framework. We show that in subgame perfect equilibrium of the patent hold-up game the innovating manufacturer exerts reduced effort to develop the new product and the patent holder obtains the...

The objective of this paper is to show the necessity of reviving the debate on the economic justifications for patent protection. On the one hand, we see the need for the assessment of the overall welfare consequences of the existing systems of patent protection, and on the other hand, we...

The objective of this article is to investigate the impact of research and development (R&D) spillovers on cartelization of industries characterized by differentiated products. For simplicity, we focus on the duopoly market in which firms compete according to the Stackelberg leadership model....

The purpose of the study was to verify a hypothesis, inspired by the handicap principle, of a positive relationship between subjective value of a hypothetical monetary reward shared with others and the level of fluid intelligence. Manipulation involved the amount of reward to be shared (small...

The purpose of the present study was to test the prediction that when two rewards, a smaller but "socially closer" one and a larger but "socially more distant" one, are moved away from the subject by the same social distance, subjective value of the socially more distant reward will increase...