Showing 1 - 10 of 52
This paper reexamines the limits of the firm in Research and Development (R&D). Using evidence drawn from industrial laboratories we study the causes and effects of R&D sourcing. We begin with the causes of sourcing, finding that Research Joint Ventures (RJVs), the option to purchase and...
Persistent link: https://www.econbiz.de/10013247215
As it becomes cheaper to copy and share digital content, vendors are turning to technical protections such as encryption. We argue that if protection is nevertheless imperfect, this transition will generally lower the prices of content relative to perfect legal enforcement. However, the effect...
Persistent link: https://www.econbiz.de/10012727035
In this paper, we examine a supply chain in which a single supplier sells to a downstream newsvendor-type retailer. We make two assumptions that enrich this simple and well-understood model. First, we consider a multi-period model, in which the sequence of events is as follows. In a period, t,...
Persistent link: https://www.econbiz.de/10014047671
contracting friction is a lack of commitment regarding foreign debt and expropriation. We show that the political economy …
Persistent link: https://www.econbiz.de/10013151812
expropriation by the state. Regions facing a greater threat of expropriation exhibit more prevalent waqf land and Islamic …
Persistent link: https://www.econbiz.de/10012909513
Using novel microdata, we document an unintended, first-order consequence of the Protestant Reformation: a massive reallocation of resources from religious to secular purposes. To understand this process, we propose a conceptual framework in which the introduction of religious competition shifts...
Persistent link: https://www.econbiz.de/10012945605
which faces price uncertainty. In states where profits are high, there is a likelihood of expropriation, which generates a … with high probability of expropriation. The contract can be implemented via a competitive auction with reasonable …
Persistent link: https://www.econbiz.de/10012759601
The Sardar Sarovar Dam in Gujarat is arguably the most controversial dam ever built in India, with over a 100,000 displaced people. Most ousted families in Gujarat were resettled in the late 1980s and early 1990s. All oustees were tribals—a term used in India to cover a list of tribes viewed...
Persistent link: https://www.econbiz.de/10012924459
This paper develops a theory of capital movements in the presence of potential expropriation. The threat of … expropriation is derived from utility maximizing behavior by host countries. Potential investors, anticipating this behavior, modify … their investment plans to avoid expropriation. When- ever the host country faces competitive foreign investors expropriation …
Persistent link: https://www.econbiz.de/10013244907
We show that armed actors refrain from using their power to arbitrarily steal from an economy if, and only if, the armed actors' property rights over stealing from that economy are secure. By 2009, armed actors taxed, administered, and protected various villages in Democratic Republic of the...
Persistent link: https://www.econbiz.de/10014264760