We analyze a signaling game between the manager of a firm and an investor in the firm. The manager has private information about the firm's demand and cares about the short-term stock price assigned by the investor. Previous research has shown that under continuous decision choices and the...

Sooner or later almost every business enterprise faces the unwelcome prospect of injury to a customer. Even the smallest of businesses needs to be vigilant about potential injuries. Common examples include: restaurant meals that cause illness to consumers; shopping cart injuries; overcrowding...

Managed care has become the dominant mode through which citizens in the U.S. obtain their health care. However, as managing costs becomes the primary focus of the health delivery system, possible patient injury associated with the managed care incentive to limit care has become of paramount...

In this paper we investigate whether the effects of terrorism in one country spillover to affect trade in neighboring nations. Using a sample of more than 160 countries from 1976 to 2014, we report robust evidence that terrorist attacks in a nation's contiguous neighbors significantly reduce...

The article proposes a new damages remedy, lost royalties damages, that permits patentees to recover for competitive injury to their non-exclusive licensees. Economic considerations may lead a patentee, not to practice the patented invention, but to license on a non-exclusive basis. In this...