Economists have long noted the importance of clear laws and property rights to facilitate transactions and promote economic activity and growth. Intellectual property including copyrights is part of the fabric of property both in the United States and around the world. Empirical studies support...

Neues Wissen ist ein knappes ökonomisches Gut und stellt eine wichtige ökonomische Wachstumsdeterminante dar. Der Schutz der geistigen Eigentumsrechte muss effizient austariert werden. Der temporäre Schutz gibt einerseits Anreize für weiteres Forschen, weil durch ihn Monopolgewinne erzielt...

Over the past decades, cross-border financial flows have increased in importance and have in many occasions exceeded the underlying current account positions. This phenomenon has been accompanied by an increase in the volume of international equity transactions that accentuate the role of...