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Pérez-Castrillo, J. David; Wettstein, David - 2014

We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and … payoffs for both nondiscriminatory and discriminatory (where the reward is contestant-dependent) contests. We derive …

Persistent link: https://www.econbiz.de/10010260048

Estimating the GDP efect of Open Source Software and its complementarities with R&D and patents : evidence and policy implications

Blind, Knut; Schubert, Torben - In: The journal of technology transfer 49 (2024) 2, pp. 466-491

Persistent link: https://www.econbiz.de/10015055708

What induces firms to license foreign technologies? : international survey evidence

Dohse, Dirk; Goel, Rajeev K.; Nelson, Michael A. - 2018

The paper provides firm-level insights into the drivers of foreign technology licensing from the perspective of the … and those situated in the nations’ main business city. Greater literacy facilitated foreign technology licensing, while … institutions like greater economic freedom aided technology licensing, while others like strong patent protection were not found to …

Persistent link: https://www.econbiz.de/10011789274

Determinants and Effects of Reserve Prices in Hattrick Auctions

Englmaier, Florian; Schmöller, Arno - 2010

We use a unique hand collected data set of 6,258 auctions from the online football manager game Hattrick to study determinants and effects of reserve prices. We find that chosen reserve prices exhibit both very sophisticated and suboptimal behavior by the sellers. On the one hand, reserve prices...

Persistent link: https://www.econbiz.de/10010333824

Weltweiter Patentschutz für pharmazeutische Innovationen: gibt es sozialverträgliche Alternativen?

Stolpe, Michael - 2001

This paper discusses alternative incentive mechanisms for encouraging pharmaceutical innovations that support global health policy priorities. Patent buyouts, in which a public fund pays a mark-up on private valuations from sealed-bid second-price auctions, would boost the efficiency of research...

Persistent link: https://www.econbiz.de/10010265514

Does it pay to invest in art? : a selection-corrected returns perspective

Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - 2013

This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...

Persistent link: https://www.econbiz.de/10010201316

Late and multiple bidding in second price Internet auctions : theory and evidence concerning different rules for ending an auction

Ockenfels, Axel; Roth, Alvin E. - 2003

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that are automatically extended if a bid is submitted very...

Persistent link: https://www.econbiz.de/10011508091

CDS Auctions

Chernov, Mikhail - 2012

We analyze auctions for the settlement of credit default swaps (CDS) theoretically and evaluate them empirically. The requirement to settle in cash with an option to settle physically leads to an unusual two-stage process. In the first stage, participants affect the amount of the bonds to be...

Persistent link: https://www.econbiz.de/10013114589

'Offsetting' Crisis? - Climate Change Cap and Trade Need Not Contribute to Another Financial Meltdown

Flatt, Victor Byers - 2012

In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...

Persistent link: https://www.econbiz.de/10013107537

Airport Slot Auction When Airlines Have Market Power

Wan, Xi - 2017

This paper studies uniform-price auctions for multiple units of airport slots in which the airlines purchase slots for take-off and landing at an airport. It considers strategic behavior on the part of bidding airlines and on the part of airport authority, who acts as a seller and decides supply...

Persistent link: https://www.econbiz.de/10012942912

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