In a 1999 article, I explored the problem that arises when one party -- whom I called the hiring party -- commissions a work from another party -- whom I called the hired party. The hired party is generally found to be the sole author of the work. The question then becomes: If the hired party is...

In their chapter in Dynamic Competition and Public Policy (2001, Cambridge University Press), Burtis and Kobayashi never defined their model’s discount rate, making replicating their simulation results difficult. Through our own simulations, we were able to verify their results when using a...