In this paper we provide a model of Research Joint Venture (RJV), and study the incentives of competing firms to cooperate in product…
The author discusses the process of lobbying in relation to affecting public policy. Topics covered include lobbying refers to personal…
In 2007 a prominent British alternative-rock band, Radiohead, pre-released its album In Rainbows online, and asked their fans to “pick-…
The US Food and Drug Administration (FDA) balances risks and benefits before approving pharmaceuticals. But powerful behavioral biases that…
We compare the liquidity that six developed countries have built into their employer-based defined contribution (DC) retirement schemes. In…
Consumer bankruptcy is one of the largest social insurance programs in the United States, but little is known about its impact on debtors.…
In this paper, we study how the terms of access to an incumbent’s infrastructure (i.e., the level of access and price) affect an entrant’s…
This paper advances the analysis of incentives for technological innovation by examining the conditions under which first mover advantages…