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Profit sharing under the threat of nationalization

Di Corato, Luca - 2010

only for uncertainty on market conditions but also for the threat of nationalization. In a real options framework where the … government holds an American call option on nationalization we show under which conditions a Nash bargaining is feasible and … leads to attain a cooperative agreement maximizing the joint venture surplus. We find that the threat of nationalization …

Persistent link: https://www.econbiz.de/10008699636

The political economy of mass privatization and the risk of expropriation

Schmidt, Klaus M. - 1996

Persistent link: https://www.econbiz.de/10000952456

Ulterior property rights and privatization : even god cannot change the past

Grigorʹev, L. M. - 1991

Persistent link: https://www.econbiz.de/10000828313

Women's rights and development

Fernández, Raquel - 2010

Why has the expansion of women's economic and political rights coincided with economic development? This paper investigates this question, focusing on a key economic right for women: property rights. The basic hypothesis is that the process of development (i.e., capital accumulation and...

Persistent link: https://www.econbiz.de/10008729320

Optimal patentability requirements with fragmented property rights

Denicolò, Vincenzo; Halmenschlager, Christine - 2010

We study the effect of the fragmentation of intellectual property rights on optimal patent design. The major finding is that when several complementary innovative components must be assembled to operate a new technology, the patentability requirements should be stronger than in the case of...

Persistent link: https://www.econbiz.de/10008746867

Democracy, property rights, income equality, and corruption

Bin Dong; Torgler, Benno - 2011

This paper presents theoretical and empirical evidence on the nexus between corruption and democracy. We establish a political economy model where the effect of democracy on corruption is conditional on income distribution and property rights protection. Our empirical analysis with...

Persistent link: https://www.econbiz.de/10008808082

Intellectual property and biodiversity : when and where are property rights important?

Sarr, Mare; Swanson, Timothy M. - 2011

An important issue in the life sciences industries concerns the nature of the incentive mechanism that should govern the production of innovation within this R&D sector. We look at the specific problem of coordinating the supply of inputs across very different agents - North and South - that...

Persistent link: https://www.econbiz.de/10009376045

From institutions to financial development and growth : what are the links?

Fernández, Andrés; Tamayo, César E. - 2015

This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper first selects those contributions that make it possible to study the role of institutional...

Persistent link: https://www.econbiz.de/10011290078

Property rights and labour supply in Ethiopia

Houngbedji, Kenneth - 2015

Persistent link: https://www.econbiz.de/10011301873

Autocracies and development in a global economy : a tale of two elites

Akerman, Anders; Seim, Anna Larsson; Naghavi, Alireza - 2011

Data on the growth performances of countries with similar comparative (dis)advantage and political institutions reveal a striking variation across world regions. While some former autocracies such as the East Asian growth miracles have done remarkably well, others such as the Latin American...

Persistent link: https://www.econbiz.de/10009298306

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