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Intellectual Property Rights and Efficient Firm Organization

Ponzetto, Giacomo - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non-contractible investment. In equilibrium,...

Persistent link: https://www.econbiz.de/10010775500

When to Carry Eccentric Products? Optimal Retail Assortment under Consumer Returns

Alptekinoglu, Aydin; Grasas, Alex - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

To understand whether retailers should consider consumer returns when merchandising, we study how the optimal assortment of a price-taking retailer is influenced by its return policy. The retailer selects its assortment from an exogenous set of horizontally differentiated products. Consumers...

Persistent link: https://www.econbiz.de/10011132911

The Titling Role of Possession

Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

This chapter proposes two hypotheses on the publicity requirement and the limitations of possession to provide information for legal titling. It then tests these hypotheses by examining how legal systems deal with possession in movable and immovable property, and comparing actual and documentary...

Persistent link: https://www.econbiz.de/10011194311

The Institutions of Roman Markets

Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2015

I analyze the basis of the market economy in classical Rome, from the perspective of personal-versus-impersonal exchange and focusing on the role of the state in providing market-enabling institutions. I start by reviewing the central conflict in all exchanges between those holding and those...

Persistent link: https://www.econbiz.de/10011196335

Standardized Enforcement: Legal Evolution, Contract Evolution and Standardization

Gennaioli, Nicola; Perotti, Enrico; Ponzetto, Giacomo - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

In a model where biased judges can distort contract enforcement, we uncover positive feedback effects between the use … law matures. Contract standardization avoids this cost, statically improving enforcement; but it crowds out innovative …

Persistent link: https://www.econbiz.de/10010851394

Electronic Titling: Potential and Risks

Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2010

Initiatives in electronic conveyancing and registration show the potential of new technologies to transform such systems, reducing costs and enhancing legal security. However, they also incur substantial risks of transferring costs and risks among registries, conveyancers and rightholders,...

Persistent link: https://www.econbiz.de/10010547118

Property as an Economic Concept: Reconciling Legal and Economic Conceptions of Property Rights in a Coasean Framework

Arruñada, Benito - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

Adopting a simplistic view of Coase (1960), most economic analyses of property rights disregard both the key advantage that legal property rights (that is, in rem rights) provide to rightholders in terms of enhanced enforcement, and the difficulties they pose to acquirers in terms of information...

Persistent link: https://www.econbiz.de/10010547227

Standardized Enforcement: Access to Justice vs. Contractual Innovation

Gennaioli, Nicola; Perotti, Enrico - Barcelona Graduate School of Economics (Barcelona GSE) - 2012

We model the different ways in which precedents and contract standardization shape the development of markets and the … law. In a setup where more resourceful parties can distort contract enforcement to their advantage, we find that the … introduction of a standard contract reduces enforcement distortions relative to precedents, exerting two effects: i) it statically …

Persistent link: https://www.econbiz.de/10010558712

Preferred Suppliers and Vertical Integration in Auction Market

Burguet, Roberto; Perry, Martin K. - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

contract to a preferred supplier at the bid of a competing supplier. As such, the preferred supplier has a right …

Persistent link: https://www.econbiz.de/10010851359

Who's Who in Networks. Wanted: The Key Player

Ballester, Coralio; Calvó-Armengol, Antoni; Zenou, Yves - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

Finite population non-cooperative games with linear-quadratic utilities, where each player decides how much action she exerts, can be interpreted as a network game with local payoff complementarities, together with a globally uniform payoff substitutability component and an ownconcavity effect....

Persistent link: https://www.econbiz.de/10010851489