Showing 1 - 10 of 275
We develop a model to analyze one mechanism under which stronger intellectual property rights (IPR) protection may improve the ability of firms in developing countries to break into export markets. A Northern firm with a superior process technology chooses either exports or technology transfer...
Persistent link: https://www.econbiz.de/10010264489
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...
Persistent link: https://www.econbiz.de/10010273771
Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of "official" GDP) in 2002/03 in 96 developing...
Persistent link: https://www.econbiz.de/10010276596
, competition does not eliminate but rather exacerbates inefficiencies arising from contracting with focused agents. Common contract …
Persistent link: https://www.econbiz.de/10012890631
make external financing costly, the optimal contract between shareholders and employees involves some degree of risk …
Persistent link: https://www.econbiz.de/10012892088
This paper quantifies a tenant-side "split incentives" problem that exists when the largest commercial sector customers are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use exogenous variation in weather shocks to show that the...
Persistent link: https://www.econbiz.de/10012866313
-invest in early construction, seeking a renegotiation thereafter. We show that, in a renegotiation-proof contract, the marginal …
Persistent link: https://www.econbiz.de/10012860529
Trust between parties should drive the negotiation and design of contract: if parties did not trust each others … over time, we find that lower trust increases contract completeness. Not only contract complexity but also the verifiable …
Persistent link: https://www.econbiz.de/10013314897
This paper explores the connection between tenant riskiness, commercial lease length and the term structure of lease contracts. Theory shows that the possibility of default on a long-term lease generates a risk/lease-length connection. The empirical work uses a large CompStak lease dataset...
Persistent link: https://www.econbiz.de/10014263217
consumer electronics, and club memberships. We demonstrate that consumption is affected by contract structure (pay-peruse vs …. We also measure subjects' willingness to pay for a contract with free access units, and we find that nearly half of … strategy is therefore to offer a contract that pre-sells access units at a very small discount; this strategy increases revenue …
Persistent link: https://www.econbiz.de/10013111994