We apply the property rights theory of Grossman-Hart-Moore in the musicindustry and study the optimal allocation of copyright between the artistswho create music and the labels who promote and distribute it. Digital tech-nology opens up a role for new intermediaries. We …nd that entry of...

The new institutional economics offers a bold and simple argument for how states promoted commercial expansion in early modern Europe. Focused on the importance of secure property rights for reducing transaction costs, commerce expands much as an engine burns fuel more efficiently and creates...

This paper explores the consequences of creating and improvingproperty rights so that …xed assets can be used as collateral. Thishas become a cause célèbre of Hernando de Soto whose views areinfluential in debates about policy reform concerning property rights.Hence, we refer to the economic...

This paper presents a harmonized data set over the period 1972-2002, containing two-yearly data on the number of non-agricultural business owners and the size of the labour force for 23 OECD countries, as well as the quotient of these two variables which is called the business ownership rate of...

The findings set out in this Report challenge the perception of low population support for rights overall - and the view that the public think rights are a “charter” for criminals and terrorists. They support the reasoning of the Joint Committee on Human Rights (JCHR) that economic and...

It is the objective of this paper to determine the voting premium for French shares by comparing the values of voting and non-voting shares, and to analyze the value of the voting rights. The study uses data for 25 French companies which had both types of shares outstanding and traded on the...

Die Vorstellung, durch eine Orientierung am immateriellen Kundennutzen statt am materiellen Produkt zu einer nachhaltigen Wirtschaftsweise beitragen zu können, wird offenbar von vielen geteilt zumindest aber von zahlreichen Wissenschaftlern untersucht.

Ein Haus ist eine Anschaffung fürs Leben und teuer. Dafür wird gespart - jeder Raum bis ins kleinste Detail geplant. Der Traum vom Eigenheim ist jedoch schnell ausgeträumt, wenn der Bauherr nicht richtig versichert ist. Mit Baubeginn ist er für Schäden, die auf der Baustelle entstehen,...

The current study investigates a tripartite incentive contract between an innovator supplying an intellectual asset, a professional assigned to productive tasks, and a consulting firm specializing in matching ideas and professionalskills. A rather simple pure tripartite partnership implements...