With cumulative innovation and imperfect information about the value of innovations, intellectual property rights can result in hold-up and therefore it may be better not to have them. Extending the basic cumulative innovation model to include `sampling' by second-stage firms, we find that the...

An extensive empirical literature indicates that returns from innovation are appropriated primarily via mechanisms other than formal intellectual property rights -- and that `imitation' is itself a costly activity. However most theory assumes the pure nonrivalry of `ideas' with its implication...

Interest in transgender and gender diverse people has increased in the last decade in the U.S., Canada, Latin America, and Europe because of increasing visibility and more inclusive surveys. The current literature in economics displays a degree of cisgender bias which can blind researchers and...

Interest in transgender and gender diverse (TGD) people has increased in the last decade in the U.S., Canada, Latin America, and Europe because of increasing visibility and more inclusive surveys. The current literature in economics displays a degree of cisgender bias which can blind researchers...

We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public...

The rapid economic growth of the People’s Republic of China (PRC) over the last 30 years has generated many environmental problems and a concomitant rise in the number of environmental disputes. Until 1989, legal cases arising from these disputes were usually heard in the people’s courts of...

Under the VAT system of the European Union, domestic supplies of financial services are exempt. That exemption has significant drawbacks, not least of which is that it compromises the neutrality of the tax. In this article, the author indicates how, depending on government policy views,...

This study empirically investigates the causal relationship between mineral exploration and environmental pollution in Nigeria with specific focus on natural gas and crude oil in Niger Delta region. The model of Granger causality tests was used. Quarterly data covering 2008 and 2009 were used in...

This study contributes to the understanding of the causal relationship between gang culture, criminality and corruption in Nigeria universities where both criminality and corruption are very high complementary variables. Writers on gang culture in Nigeria universities have largely omitted the...

This study empirically investigates the causal relationship between mineral exploration and environmental pollution in Nigeria with specific focus on natural gas and crude oil in Niger Delta region. The model of Granger causality tests was used. Quarterly data covering 2008 and 2009 were used in...