Showing 1 - 7 of 7
. We take an implementation-theoretic approach and provide theoretical, empirical and experimental analyses of this problem …
Persistent link: https://www.econbiz.de/10009399707
implementation in the EU are determined. We find that (1) implemented budgetary adjustment falls systematically short of planned … by the implementation errors, (3) there is a limited role for "traditional" political variables, (4) stock … their implementation benefit from stronger national fiscal institutions. We emphasise also the importance of credible plans …
Persistent link: https://www.econbiz.de/10005041099
This paper analyzes how all-pay auctions with endogenous prizes can be used to provide effort incentives. We show that wide classes of effort distributions can be implemented as equilibrium outcomes of such games. We also ask how all-pay auctions have to be structured so as to induce high...
Persistent link: https://www.econbiz.de/10011084454
Can the increasing significance of knowledge-products in national income---the growing weightless economy---influence economic development? Those technologies reduce ``distance'' between consumers and knowledge production. This paper analyzes a model embodying such a reduction. The model shows...
Persistent link: https://www.econbiz.de/10005791375
In this paper, we examine how software vulnerabilities affect firms that license software and consumers that purchase … software. In particular, we model three decisions of the firm: (i) an upfront investment in the quality of the software to … software. We also model two decisions of the consumer: (i) whether to purchase the software; and (ii) whether to apply a patch. …
Persistent link: https://www.econbiz.de/10005792060
Using a unique dataset we examine empirically which factors explain output per contributor in open source projects. We find that the output per contributor of open source programmes is much higher when licenses are less restrictive. Further examination suggests that the difference in output per...
Persistent link: https://www.econbiz.de/10005124098
Many cultural products have the same non-rival nature as scientific knowledge. They therefore face identical difficulties in creation and dissemination. One traditional view says market failure is endemic – societies tolerate monopolistic inefficiency in intellectual property (IP) protection...
Persistent link: https://www.econbiz.de/10005498130