Showing 1 - 10 of 33
opportunism, remains the principle underlying all of contract law and company law." Ce texte explore l'emploi de l …
Persistent link: https://www.econbiz.de/10009395941
reasonably well-developed economic literature. Reciprocal gain, the founding concept of contract and of extensions such as the … of contract law. Yet human nature being what it is, individuals may be tempted by opportunistic acts and their potential …
Persistent link: https://www.econbiz.de/10009395942
I examine the case where fulfillment of a contractual commitment is only imperfectly verifiable and ask whether the court should then "tell the truth"" regarding the action in dispute. I show that truth seeking does not maximize the expected surplus from contractual relationships. From the...
Persistent link: https://www.econbiz.de/10005100649
In this paper, we consider a knowledge accumulation problem within an organization. We depart from the human capital theory initiated by Becker (1962, 1964) and consider an organization that cannot prevent the worker from quitting and using the knowledge outside the organization. We study how...
Persistent link: https://www.econbiz.de/10011183768
This paper introduces dynamics in the R&D to innovation and innovation to productivity relationships, which have mostly … individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the … Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and …
Persistent link: https://www.econbiz.de/10011183685
Using a unique panel data of Dutch innovation and financial variables we empirically investigate how financing and … innovation vary across firm characteristics. The study also tries to gauge the extent of market failure due to the presence of …, debt financing and innovation choices are not independent of firm characteristics such as age, size, and existing leverage …
Persistent link: https://www.econbiz.de/10011183757
Using the four Biotechnology Uses and Development surveys of Statistics Canada, we analyse the relative importance of funding and support as well as collaboration and contracting, R&D and IP strategies on the propensity to patent of Canadian biotechnology firms. Our model accounts for the...
Persistent link: https://www.econbiz.de/10009350696
Twenty years ago, Harvard Business School economist and strategy professor Michael Porter stood conventional wisdom about the impact of environmental regulation on business on its head by declaring that well designed regulation could actually enhance competitiveness. The traditional view of...
Persistent link: https://www.econbiz.de/10008511751
This document seeks to lay the groundwork for a government policy on free and open source software. We briefly characterize the extent of the open source software phenomenon. We analyse its pros and cons for the government, in its role as both an engine of economic development and a large user...
Persistent link: https://www.econbiz.de/10005100462
Ce texte vise à circonscrire les fondements d'une politique gouvernementale à l'égard du logiciel libre et ouvert (open source software). Nous caractérisons brièvement l'ampleur du phénomène du logiciel libre et nous en analysons les avantages et inconvénients pour le gouvernement tant...
Persistent link: https://www.econbiz.de/10005100496