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When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...
Persistent link: https://www.econbiz.de/10013098476
Transparency is usually thought to reduce favoritism and corruption by facilitating monitoring by outsiders, but there is concern it can have the perverse effect of facilitating collusion by insiders. In response to vote trading scandals in the 1998 and 2002 Olympics, the International Skating...
Persistent link: https://www.econbiz.de/10013112845
What external control mechanisms are most effective in detecting corporate fraud? To address this question we study in … depth all reported cases of corporate fraud in companies with more than 750 million dollars in assets between 1996 and 2004 …. We find that fraud detection does not rely on one single mechanism, but on a wide range of, often improbable, actors …
Persistent link: https://www.econbiz.de/10012760394
We show that firms with CEOs who personally benefitted from options backdating were more likely to engage in other forms of corporate misbehavior, suggestive of an unethical corporate culture. These firms were more likely to overstate firm profitability and to engage in less profitable...
Persistent link: https://www.econbiz.de/10013078313
to the "Eco-Patent Commons", which provides royalty-free access to third parties to patented climate change related … investigate the motives of the contributing firms as well as the potential for such commons to encourage innovation and diffusion … knowledge management that combine open innovation and patenting …
Persistent link: https://www.econbiz.de/10013114981
product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding …, that patent protection can complement competition in inducing innovation …Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this …
Persistent link: https://www.econbiz.de/10013064451
existence of strong patent laws encourage innovation? And 2) May patent laws influence the direction - as opposed to the rate …What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic … to address problems with the current patent system: 3) How do patent pools, as a mechanism to mitigate litigation risks …
Persistent link: https://www.econbiz.de/10013064853
Patent pools, which allow competing firms to combine their patents, have emerged as a prominent mechanism to resolve … tolerance under the New Deal to investigate the effects of pools on innovation within 20 industries. Difference … discourage innovation by weakening competition to improve substitutes …
Persistent link: https://www.econbiz.de/10013065642
on patents as an incentive for innovation, the effectiveness of patents for invention disclosure, patent valuation, and … what we know about the design of patent systems. We also look at what is known about some current policy areas, including … software and business method patents, university patenting, and the growth in patent litigation …
Persistent link: https://www.econbiz.de/10013066797
the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have …Members of a patent pool agree to use a set of patents as if they were jointly owned by all members and license them as … a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce …
Persistent link: https://www.econbiz.de/10013071102