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In situations where a biased sender provides verifiable information to a receiver, I study how strategic reporting affects the incentives to search for information. Research provides series of signals that can be used selectively in reporting. I show that the sender is strictly worse off when...
Persistent link: https://www.econbiz.de/10009391504
Exclusive patents sacrifice product competition to provide firms incentives to innovate. We characterize an alternative mechanism whereby later inventors are allowed to share the patent if they discover within a certain time period of the first inventor. These runner-up patents increase social...
Persistent link: https://www.econbiz.de/10009002029
This article examines the gasoline tax option being proposed in the U.S. in 2005, employing an econometrically based multi-market simulation model to explore the policy's efficiency and distributional implications. Because of its potential to improve the environment and enhance national...
Persistent link: https://www.econbiz.de/10009002031
This item has no abstract
Persistent link: https://www.econbiz.de/10008575349