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We consider a game of information transmission, with one informed decision maker gathering information from one or more informed senders. Private information is (conditionally) correlated across players, and communication is cheap talk. For the one sender case, we show that correlation...
Persistent link: https://www.econbiz.de/10010189326
I study a multi-sender signaling game between an uninformed decision maker and two senders with common private information and conflicting interests. Senders can misreport information at a cost that is tied to the size of the misrepresentation. The main results concern the amount of information...
Persistent link: https://www.econbiz.de/10013463788
This paper describes and analyzes the occurrence and extent of oppositions initiated against plant biotechnology patents granted by the European Patent Office (EPO). The opposition mechanism is a legal procedure that allows any third party to challenge the validity of patents awarded by the EPO....
Persistent link: https://www.econbiz.de/10012142367
This paper argues that the consequences of the ‘fragmentation’ of the European patent system are more dramatic than the mere prohibitive costs of maintaining a patent in force in many jurisdictions. First, detailed analysis of judicial systems in several European countries and four case...
Persistent link: https://www.econbiz.de/10003820846
We analyze the outcomes of 332 cases from a labor court in Mexico in which a judge awarded money to a plaintiff who claimed to have been fired by a firm without cause. The judgments were enforced in only 40% of the cases. A plaintiff may try to enforce a judgment by petitioning the court to...
Persistent link: https://www.econbiz.de/10011302125
With opening of the economy in 1991 and subsequent removal of regulatory and trade barriers, India became an attractive investment (Foreign Direct Investment-FDI) destination. A large number of multinationals have established operations in India to utilise the services of available skilled...
Persistent link: https://www.econbiz.de/10011489954
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Some labor markets have recently developed formal signalling mechanisms, e.g. the signalling for interviews in the job … signalling mechanism is harmful for this environment. Though signals transmit previously unavailable information, they also … facilitate information asymmetry that leads to coordination failures. As a result, the introduction of a signalling mechanism …
Persistent link: https://www.econbiz.de/10008737789
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