With increasing frequency, patent holders have made voluntary public commitments (pledges) to limit the enforcement of their patents without direct compensation. After introducing the background and market impact of patent pledges, this chapter focuses on the effect on patent pledges on the...

Using a recent Spanish database, we show that remittances respond to cross country differences in portfolio values. This behavior suggests that immigrants are sophisticated economic optimizers who take advantage of opportunities to invest trans-nationally given the networks that immigrants are...

This paper co-authored by M. Nicolas J. Firzli and David Weeks looks at the notions of long-term asset allocation and the ‘quest for yields’ from the perspective of AUS, European and North American pension investors and board members (trustees), which where discussed at two recent global...

Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...

Using rich Italian data for the period 2006-2014, we document sizeable gaps between native and immigrant households with respect to wealth holdings and financial decisions. Immigrant household heads hold less net wealth than native, but only above the median of the wealth distribution, with...

This paper analyzes the portfolio allocations of couple-headed, Hispanic families using Survey of Income and Program Participation (SIPP) data. Our results reveal that Hispanic couples as a group are less wealthy than otherwise similar white couples, although there is substantial variation...

Environmental, social, and governance (ESG) standards avoid investments in companies complicit in modern slavery (PRI 2021, 4). Responsible investors have long recognized modern slavery, including forced labor, child labor, sweatshops, migrant worker abuses, human trafficking—and still more...