The present paper aims to explore the role of philanthropic private donations to knowledge creation in Greek universities and research institutions. Based on survey data and balance sheets of 260 mostly private foundations that finance educational and research activities in Greece, this paper...

In many recent antitrust cases, manufacturers of complex high- technology equipment have been accused of exercising market power in the sale of proprietary service or parts necessary to maintain the machines they produce. The manufacturer generally concedes that it has market power in selling...

College men’s basketball players have alleged that the NCAA’s illegal cap on athletic scholarships leads to lower scholarships than would prevail in a free market. Recently, the NCAA increased the limit on athletic scholarships. We compare the marginal revenue product (MRP) of men’s...

A large share of the debt claims owed by the world’s poorest countries has been cancelled through the HIPC (highly indebted poor countries) debt relief initiative. It is believed that, with less debt burden, the HIPC will be able to devote more resources to investment and thus promote their...

We report the results of an experiment designed to study whether or not having experienced booms and crashes in naturally occurring asset markets affects subjects' trading behavior in the lab. Active investors in the Shanghai Stock Exchange were recruited to participate in either the Boom...

Coasian reasoning predicts that the conditions under which parties may terminate a partnership will affect bargaining between partners, but not the durability of partnerships. This paper endeavors to test both predictions in an experimental setting that allows agents to form and end partnerships...

Regional domestic activity can provide valuable insights on whether these activities can fuel innovation activity of international impact. This paper provides an alternative strategy in measuring regional innovative activity based on the number of applications of various forms of Intellectual...

Migration has manifested itself to historic highs, creating divisive views among politicians, policy makers, and individuals. The present paper studies the Europeans' attitudes toward immigration, focusing particularly on the role of social capital. Based on 267,282 respondents from 22 countries...

This paper studies the drivers of highly skilled migrants across space as well as their impact on local innovation activity. We focus on patent inventors, a specific typology of skilled and innovative individuals who are deeply involved in the production of innovation and are important vehicle...

Does constitutional democratization affect profit-shifting strategies among firms? Using a global sample of multinational enterprises, we develop a subsidiary-year measure of profit-shifting and examine how this measure responds to changes in constitutional democracy and the subsequent evolution...