This paper modifies a standard model of law enforcement to allow for learning by doing. We incorporate the process of … enforcement learning by assuming that the agency’s current marginal cost is a decreasing function of its past experience of … ability of future apprehension at a lower marginal cost. We focus on the impact of enforcement learning on optimal compliance …

We propose a dynamic efficiency wage model with learning by doing. By taking into account the change inthe stock of …

This paper highlights formally the interaction existing between the quality of institutional governance, the education … sector and economic growth. More fundamentally, we show how the quality of institutional governance matters in giving …

This paper is a theoretical introduction to modern governance of universities in developing countries. Indeed, adopting …

links between the quality of governance, financial development and economic development. The main theoretical predictions …

-return characteristics of the selected innovation project and the mode of commercialization chosen by entrepreneurs (market entry versus sale …

aggressive development of a basic innovation by better informed venture-backed firms is used as a signaling device to enhance the … sale price of the innovation. We then show that incumbents can undertake early, preemptive, acquisitions to prevent such … signaling driven overinvestment, despite the risk of buying a non-productive innovation. Therefore, to exist in equilibrium …

associated with a change in innovation and patenting. Its effects are separated into temporary uncertainty and changes in long …. Innovation is found to fall under uncertainty for potential losses that are low relative to the potential profits. As companies … learn, innovation rates readjust to SOX's long term persistent effect. We examine US patenting in stem cell technologies …

Financing innovation presents informational and control problems for the financier, and different solutions are used … in innovation during the 2007-8 financial crisis for both. We extend prior theories of external financing’s effect on … effect on company innovation on entering the crisis, but increased university innovation. Overall, however, company patenting …