Results 271 to 280 of about 2,732,155 (328)

Creating Controversy in Proxy Voting Advice

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We analyze how a profit‐maximizing proxy advisor designs vote recommendations and research reports. The advisor benefits from producing informative, unbiased reports, but only partially informative recommendations, biased against the a priori likely alternative.
ANDREY MALENKO   +2 more
wiley   +1 more source

Patentability Requirements and the Direction of Innovation

open access: yesThe Journal of Industrial Economics, EarlyView.
ABSTRACT We model a duopolistic game where firms first choose the direction of their innovation, then invest in the chosen direction, and finally, compete in the product market. Investments occur either in overlapping or non‐overlapping territories. We show that, in the presence of a generous patent regime that allows the protection of innovations of ...
Fabio M. Manenti, Luca Sandrini
wiley   +1 more source

Travel and Regional Development: A Quantitative Analysis of China

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT Intercity travel creates more pronounced interregional linkages and spatial effects than migration. However, few studies have integrated travel into general equilibrium models to assess its welfare and general equilibrium impacts. This study quantifies the impact on regional development of travel by developing a spatial general equilibrium ...
Yin Huang   +3 more
wiley   +1 more source

Market Potential, Road Accessibility, and Firm Births: Evidence From 20 Years of Road Investment

open access: yesJournal of Regional Science, EarlyView.
ABSTRACT This paper investigates the causal effects of road accessibility, measured by market potential, on firm births in Portuguese municipalities between 1991 and 2016, a period marked by significant road improvements. We address the endogeneity of market potential by employing instrumental variables within Poisson Pseudo‐maximum Likelihood ...
Mauricio S. de Carvalho   +4 more
wiley   +1 more source

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