Turf wars commonly occur in environments where competition undermines collaboration. We develop a game theoretic model and experimental test of turf wars. The model explores how team production incentives ex post affect team formation decisions ex ante. In the game, one agent decides whether to...

The principal aim of this paper is to select a contractor who offers the best value for money which will nearly always involve a process of competitive tendering. The final decision as to which contractor offers the best value for money will be determined by the factors like quality/price...

A potentially dangerous product is supplied by a competitive market. The likelihood of a product-related accident depends on the unobservable precautions taken by the manufacturer and on the type of the consumer. Contracts include the price to be paid by the consumer ex ante and stipulated...

Die Arbeit behandelt die Musikverwertung mit Hilfe von Tonträgern und Netzen. Nach einem kurzen Abriß der Tonträgergeschichte wird der bestehende Rechtsrahmen im nationalen, europäischen und internationalen Kontext dargestellt. Die Anreize zur Musikproduktion und -verwertung werden...

What is the optimal allocation of prizes in an innovation race? Should the winner take all, or is it preferable that the original inventor shares the market with subsequent independent duplicators? Some recent papers in law and economics have argued that the latter, more permissive solution is...

It is common to think that replacing a judge with a new appointment nearer an ideological extreme will pull outcomes on the court in the ideological direction of the new appointment. This paper argues that this intuition is not always correct, at least for a class of close cases. The model...

Using novel inter-firm patent litigation data, we show that defendant firms become financially constrained, reduce innovation activity, and shift toward exploitative innovation leveraging past experience and expertise. The exploitative innovation strategy reflects the patent race motives and...

Adjudication errors in contests have a dual nature: they imply at the same time the unjust exclusion of a meritorious candidate (exclusion error) and the unjust inclusion of a non-meritorious one (inclusion error). We study theoretically and experimentally the effects of adjudication errors on...