Results 21 to 30 of about 103 (94)
Mergers in the Presence of Adverse Selection
The RAND Journal of Economics, EarlyView.ABSTRACT In the presence of adverse selection, mergers can increase welfare through a reduction in inefficient sorting. I characterize the sorting externality internalized between merging firms in a tractable discrete choice model. Mergers benefit consumers when the firms are small, willingness to pay is moderately increasing in cost, and consumer ...
Conor Ryan
wiley +1 more source
Сhange of the terms of the state contract as a type of violation of the antimonopoly legislation
Russian competition law and economy, 2019 The article deals with the issues related to the presence or absence of the legal possibility of changing the conditions of the state (municipal) contract. As part of the analysis of judicial practice, the criteria and grounds for which a change in the terms of the contract can be considered as an antitrust offense, in particular, as the conclusion of ...
openaire +2 more sources
Global Policy, EarlyView.ABSTRACT This article examines the evolving role of the U.S.–EU Trade and Technology Council (TTC) in advancing the EU's digital diplomacy, with a particular focus on its contribution to global digital ordering. Positioned at the intersection of normative engagement and regulatory coordination, the TTC operates as a hybrid mechanism that integrates ...
Corneliu Bjola, Raluca Csernatoni
wiley +1 more source
The three‐step test in international copyright—a global framework for generative AI training
American Business Law Journal, EarlyView.Abstract The training of generative artificial intelligence (genAI) models involves the processing of large datasets, which often include copyrighted materials, thereby raising questions of copyright infringement. These questions tend to center on whether such use constitutes fair use or falls under text and data mining (TDM) exceptions.
Nicola Lucchi +2 more
wiley +1 more source
The Decentralization of Liquor Policies in Texas During the Post‐Prohibition Era
International Economic Review, EarlyView.ABSTRACT We examine the decentralization of liquor policies in Texas during the Post‐Prohibition era using newly collected historical legislative roll call data. By combining these data with local referendum vote shares, we analyze both legislators' and constituents' preferences on liquor policy.
Andrew Arnold, Holger Sieg
wiley +1 more source
Industrial Relations: A Journal of Economy and Society, EarlyView.ABSTRACT Using a conjoint experiment on highly educated labor market entrants in the Philippines, we examine how restrictive covenants shape perceived occupational mobility. Respondents compared hypothetical jobseeker profiles with randomized non‐compete, training repayment, and non‐solicitation clauses, then chose the likely applicant to four mobility
Vincent Jerald Ramos, Benjamin Radoc
wiley +1 more source
Worker Heterogeneity and the Effect of Noncompetes on Firm Performance
Journal of Economics &Management Strategy, EarlyView.ABSTRACT Using staggered state‐level changes in noncompete enforceability, we document that reduced enforcement increases profitability, valuation, productivity, and plant‐level growth in knowledge‐worker‐intensive firms relative to other firms. Critically, these gains are concentrated among the most productive knowledge‐worker firms, consistent with ...
Zhaozhao He, Modupe Babajide Wintoki
wiley +1 more source
Make or Buy Decisions and Data Sharing
The Journal of Industrial Economics, EarlyView.ABSTRACT Firms can share data to discover potential synergies between their data sets and algorithms, eventually leading to more efficient mergers and acquisitions (M&A) decisions. However, data sharing also modifies the competitive balance when firms do not merge, and a company may be reluctant to share data with potential rivals.
Antoine Dubus, Patrick Legros
wiley +1 more source
Lurking Patent Claims and Strategic Royalty Contracts
The Journal of Industrial Economics, EarlyView.ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
wiley +1 more source
Detecting Favoritism in Public Procurement
The Journal of Industrial Economics, EarlyView.ABSTRACT Favoritism as a mode of corruption is a major concern in public procurement (PP) in many countries. We propose a regression discontinuity design (RDD) test arguing that the winning history of marginal winners and losers can be used to detect favoritism.
Joosua Virtanen +2 more
wiley +1 more source