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A considerable amount of literature has been published on Creative Commons (CC) licensing. There are many short articles which concisely discuss the array of problems that can arise when releasing a work under a CC licence. This paper, on the other hand, aims to provide a thorough and critical...
Persistent link: https://www.econbiz.de/10014153518
This paper presents a model of penalties that reconciles the conflicting accounts optimal punishment by Becker, who argued penalties should internalize social costs, and Posner, who suggested penalties should completely deter offenses. The model delivers specific recommendations as to when...
Persistent link: https://www.econbiz.de/10014106678
I develop a model in which a firm's only asset is its name -- which is associated with reputation -- and study the … horizons, in contrast to standard results in the game-theoretic reputation literature. I also show that only good types buying …, and compared to the game theoretic literature, they offer an alternative interpretation of reputation …
Persistent link: https://www.econbiz.de/10014064424
-party platforms, including platform terms of use and the pricing of platform services. Moreover, the reputation of a platform may … reputation. In later work, it is anticipated that empirical observations also could be made about certain elements of the … relative cost of platform services and platform reputation …
Persistent link: https://www.econbiz.de/10012986485
Even under antitrust enforcement, firms may still form a cartel in an infinitely-repeated oligopoly model when the discount factor is sufficiently close to one. We present a linear oligopoly model where the profit-maximizing cartel price converges to the competitive equilibrium price as the...
Persistent link: https://www.econbiz.de/10013144204
enforcement are discussed in the chapters that follow. In chapter 20, the basic theory of public enforcement employing monetary … sanctions is discussed; in chapter 21, the basic theory of enforcement using nonmonetary sanctions is examined; and in chapter … 22, extensions to the basic theory are considered. Then, in chapter 23, functions of sanctions apart from deterrence …
Persistent link: https://www.econbiz.de/10014088892
Contracting parties (e.g., the firm and its supplier) have cost-reducing incentives to make investments which support the unique transactions between them. However, to the extent that one party may renege on its contractual obligations, the other party incurring the cost of the...
Persistent link: https://www.econbiz.de/10013115472
I study the capacity of business associations - private, formal, noncommercial organizations designed to promote the common business interests of their members - to support contract enforcement and collective action. Inspired by recent empirical literature, my theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013108863
Contracting parties, such as the firm and its supplier, have cost-reducing incentives to make investments which support the unique transactions between them. However, to the extent that one party may renege on its contractual obligations, the other party incurring the cost of the...
Persistent link: https://www.econbiz.de/10013087098
We study the capacity of business associations|private, formal, noncommercial organizations designed to promote the common business interests of their members|to support contract enforcement and collective action. Inspired by recent empirical literature, our theoretical framework connects the...
Persistent link: https://www.econbiz.de/10013064974