This study analyzes the factors that explain the variations of daily airfares across fare histories, or dynamic price dispersion. Empirical analyses show that dynamic price dispersion is significantly influenced by demand characteristics variables such as population, income and the share of...

Notwithstanding the ambiguous research and productivity promoting effects of plant varietyprotections (PVPs), even in developed countries, many developing countries have adoptedPVPs in the past few years to comply with their Trade-Related Aspects of IntellectualProperty Rights (TRIPS)...

When a new technology consists of sequences of innovations that culminate in a finalconsumer product, the balance between successive innovators is one of the main concernsin the design of the patent system. While intertemporal aspects of incentive are critical inthis environment of sequential...