We propose an incomplete contract model of licensing of a cost-reducing technology. We incorporate exchange rate uncertainty and analyze its impact on the parties' investment and licensing decisions. We show that exchange rate uncertainty introduces a distortion in the parties' specific...

Technology transfer and, more broadly, knowledge spillover from universities to industry has become increasingly studied as universities have become charged with driving local economic growth. This study offers several empirical improvements over prior efforts to measure the aggregate local...

In recent years there has been an increasing trend in various forms of collaboration and technology transfer between industry and universities, such as licensing, spin-offs and research joint ventures. In this paper, I provide an explanation for the choice of licensing versus research joint...

Fischbacher and Gaechter (AER, 2010) find that contributions decline in repeatedly played public good games because people are imperfect conditional cooperators who match others' contributions only partly. We re-examine the data using dynamic panel data methods and find that contributions also...

This paper studies the possibility of secure implementation (Saijo, T., T. Sjostrom, and T. Yamato (2007) "Secure implementation," Theoretical Economics 2, pp.203-229) in discrete public good economies with quasi-linear preferences. We find that only constant social choice functions are securely...

The model of moral motivation as developed by Brekke et al. (2003) is analysed with the new assumption that self-image is an increasing function of effort. While the effects of increased efficiency and new information on optimal effort levels are similar, different results are obtained when...

The presence of hypothetical bias in stated preference methods has led many researchers to look for methods to ameliorate the bias. This paper investigates the use of a consequentiality question to calibrate stated preference data from a controlled laboratory experiment using a choice...

We investigate how the increase in the rate of performance related payment affects the healthcare supply in paid and unpaid work. The developed theoretical model shows that a higher price incentivises the supply of paid work. Its impact on unpaid work is determined by the trade-off between...

A Japanese General Social Survey is used to re-examine how voluntary giving is associated with inequality aversion, and how the relationship differs between high- and low-income groups. This paper also investigates how social capital influences that relationship. The key findings are that (1)...

Suppose a group of individuals must decide whether to undertake a public project. The private commodity space, from which are also drawn the inputs for the public good, exhibits the Riesz decomposition property. We give a sufficient condition for the existence of a feasible provision of the...