The purpose of this study is the analysis of the new institutional economics according to parameters and criteria that affect the growth and economic development such as free movement of capital, contract enforcement, information costs, risk transfer costs, free competition and their application...

Antitrust economics is a discipline developed by academic economists in concert with the refinement of per se rules and the rule of reason by the Supreme Court. Distinct bodies of antitrust thought — such as the Chicago school, the post-Chicago school, and behavioral antitrust economics —...

Economic systems are undergoing a generalized effort to improve corporate governance structures and processes.Waves of scandals and increasing public scrutiny push institutional regulators and corporate boards of directors to establish and adopt new practices.Codes of good governance have...

Given the existence of fine-grained requirements for patentability such as nonobviousness, the utility of a separate requirement of patentable subject matter has sometimes been questioned. The courts‘ fumbling efforts to regulate patentable subject matter have helped stain the enterprise with...

This paper studies the optimal design of dynamic research contests. We introduce interim transfers, which are paid in every period while the contest is ongoing, to an otherwise standard setting. We show that a contest where: (i) the principal can stop the contest in any period, (ii) a constant...

This paper analyzes the design of innovation contests when the quality of an innovation depends on the research approach, but the best approach is unknown. Inducing a variety of research approaches generates an option value. We show that suitable contests can induce such variety. The...

Many product innovation studies have described key determinants that should lead to successful incremental product innovation. Despite numerous studies suggesting how incremental product innovation should be successfully undertaken, many firms still struggle with this type of innovation. In this...