We develop a model based on asymmetric information (adverse selection) that provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value-destroying distortions, can act as a screening...

Access to information and communication technologies (ICTs) such as mobile phone networks is widely known to improve market efficiency. In this paper, we examine whether access to timely and accurate information provided through ICT applications has any additional impact. Using a detailed...

This paper examines the impact of the Hospital Readmissions Reduction Program (HRRP) on hospitals' admission decisions. HRRP provides incentives for hospitals to reduce readmissions by imposing penalties to hospitals that exhibited higher than average 30-day risk-adjusted readmission rates....