What determines the quality of entrepreneurs? To address this question, the paper proposes a simple model of the … and ideas. The main prediction from the model is that larger firms produce entrepreneurs of higher quality than smaller …

The present paper discusses the role of quality in patent systems from the perspective of patent offices' behavior and … quality level of their examination processes. Various objectives of patent offices' governors are considered. We show that the … quality of the patent system is maximal for the patent office that maximises either the social welfare or its own profit …

This paper presents a quality index for patent systems. The index is composed of nine operational design components … quality index, controlling for research efforts, patent fees and the "strength" of enforcement mechanisms. …

becomes insignificant when controlling for exposures to Betting-Against-Beta and Quality-Minus-Junk factors. Further, we …, rather, reward for the use of leverage combined with a focus on cheap, safe, quality stocks. Decomposing Berkshires …

on quality, price and welfare. The merging firms always reduce quality. They also increase prices if demand … responsiveness to quality is sufficiently low. The non-merging firm, on the other hand, always responds by increasing both quality … and prices. Overall, a merger leads to higher average prices and quality in the market. The welfare implications of a …