Introduction to managerial economics -- Demand -- Elasticity -- Supply -- Competitive markets -- Economic efficiency -- Costs -- Monopoly -- Pricing -- Strategic thinking -- Oligopoly -- Externalities -- Asymmetric information -- Incentives and organization -- Regulation

Here, we investigate the impact of differences over time and across states in the law of trade secrets on the efficiency of production in manufacturing, as represented by inventories. We find that stronger trade secrets protection was associated with lower inventories: a one standard deviation...