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Gambling for the upper hand: Settlement negotiations in the lab
Miettinen, Topi; Ropponen, Olli; Sääskilahti, Pekka - 2011
We exploit a controlled frameless laboratory experiment to study settlement negotiations and the plaintiff's decision … to raise a lawsuit in case of an impasse. We find that greater variance in court outcomes increases the litigation rate … and lowers the settlement rate. This latter finding goes against the received wisdom and earlier experimental evidence …
Persistent link: https://www.econbiz.de/10010281632
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Gambling for the Upper Hand - Settlement Negotiations in the Lab
Miettinen, Topi; Ropponen, Olli; Sääskilahti, Pekka - Wirtschaftswissenschaftliche Fakultät, … - 2011
Gambling for the Upper Hand - Settlement Negotiations in the Lab …We exploit a controlled non-framed laboratory experiment to study settlement negoti- ations and the plaintiff …'s decision to raise a lawsuit in case of an impasse. We find that greater variance in court outcomes increases the litigation …
Persistent link: https://www.econbiz.de/10009001281
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The Economic Properties of Software
Engelhardt, Sebastian von - 2014
Software is a good with very special economic characteristics. Taking a general definition of software as its starting-point, this article systematically elaborates the central qualities of the commodity which have implications for its production and cost structure, the demand, the...
Persistent link: https://www.econbiz.de/10014206560
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Knowledge and its economic characteristics: a conceptual clarification
Witt, Ulrich; Brökel, Tom; Brenner, Thomas - 2007
This paper discusses several features of knowledge that are often considered crucial for characterizing the economic significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has public or private good character. It is argued...
Persistent link: https://www.econbiz.de/10010263788
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The relationship among innovative output, productivity, and profitability: a test comparing USPTO and EPO data
Santarelli, Enrico; Lotti, Francesca - 2007
The aim of this paper is to test whether patent-based indicators are still reliable measures of innovativeness in light of organizational changes in the field of Intellectual Property Rights (IPR) protection and the regulatory reforms already under way respectively at the U.S. Patent and...
Persistent link: https://www.econbiz.de/10010263794
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A concordance between industries and technologies: matching the technological fields of the Patentatlas to the German industry classification
Broekel, Tom - 2007
The Patentatlas by Greif and Schmiedl (2002) represents an important source for patent data in Germany. Its use for industry-specific studies is however problematic because the correct assignment of patent data classified by technological fields to commonly used industry classifications is...
Persistent link: https://www.econbiz.de/10010263801
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Financial signalling by innovative nascent entrepreneurs
Audretsch, David B.; Bönte, Werner; Mahagaonkar, Prashanth - 2009
External finance is central for nascent entrepreneurs, people in the process of starting new ventures. We argue that nascent entrepreneurs use patents and prototypes in order to signal their ability to appropriate the returns from their innovation as well as the project´s feasibility. Our...
Persistent link: https://www.econbiz.de/10010266651
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Creative industries, new business formation and regional economic growth
Piergiovanni, Roberta; Carree, Martin A.; Santarelli, Enrico - 2009
The present study explores the impact exerted by a series of factors and processes including creativity, IPR activities, new business formation and the provision of amenities on economic growth for 103 Italian provinces (NUTS 3) over the period between 2001 and 2006. Provincial growth rates are...
Persistent link: https://www.econbiz.de/10010272011
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Intellectual property rights and ex-post transaction costs: the case of open and closed source software
von Engelhardt, Sebastian - 2008
The economic characteristics of software and transaction costs explain, why closed source and open source software co-exist. It is about the efficient use of a non- and anti-scarce resource. But because of ex-post transaction costs that lead to information asymmetries, some property rights...
Persistent link: https://www.econbiz.de/10010273765
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Geographic allocation of OSS contributions: the role of institutions and culture
von Engelhardt, Sebastian; Freytag, Andreas - 2009
So-called open source software (OSS) is marked by free access to the software and its source code. Copyright-based OSS licenses permit users to use, change, improve and redistribute the software, which is designed and developed in a public, collaborative manner. High quality OSS products like...
Persistent link: https://www.econbiz.de/10010273829