Local authorities are often involved in determining the competitive landscape of important services. In particular, Section 253 of the Telecommunications Act, in part, states that a local authority cannot 'prohibit or have the effect of prohibiting the ability of any entity to provide any...

In today’s world, product labels are ubiquitous. Consumers rarely make purchases without consulting labels. A common thread with these labels is they are governed by regulatory bodies who mandate, verify, and enforce reporting standards so consumers may easily understand the products. Product...

This paper studies the impact of market restructuring on the character of research and development (R&D) expenditures. Using a political economy approach, we consider the likely differences in internal and collaborative R&D activities under regulatory and market regimes, and test the predictions...

This paper investigates whether aligning manager and owner incentives can improve the innovation performance of firms. We find that pay-sensitivity works to align managerial actions to shareholder interests. As managerial wealth becomes more sensitive to the firm's stock price the innovation...