Titler
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Skaates, Maria Anne (København, 1997)[Flere oplysninger][Færre oplysninger]
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'Being Infringed' as a Normatively Induced Innovation Exploitation StrategyReitzig, Markus; Henkel, Joachim; Heath, Christopher (, 2006)[Flere oplysninger][Færre oplysninger]
Resume: Patent trolls (or sharks) are small patent holding individuals or firms who trap R&D intense manufacturers in patent infringement situations in order to receive damage awards for the illegitimate use of their technology. While of great concern to management, their existence and impact for both corporate decision makers and policy makers remains to be fully analyzed from an academic standpoint. In this paper we show why patent sharks can operate profitably, why they are of growing concern, how manufacturers can forearm themselves against them, and which issues policy makers need to address. To do so, we map international indemnification rules with strategic rationales of small patent-holding firms within a game-theoretical model. Our central finding is that the courts’ unrealistic consideration of the trade-offs faced by inadvertent infringers is a central condition for sharks to operate profitably. Keywords: Patent, patent shark, patent troll, damage award, infringement JEL Classifications: M00, M11, M21, K00, K11, K33 URI: http://hdl.handle.net/10398/7249 Filer i denne post: 1
ssrn-id885914.pdf (277.4Kb) -
Rose, Caspar; Lando, Henrik (København, 2000)[Flere oplysninger][Færre oplysninger]
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[Flere oplysninger][Færre oplysninger]
Resume: This paper presents a critique of Freek Vermeulen’s synthesis of rigor and relevance in management research, and argues (1) at the first glance, Vermeulen’s papers are very appealing; (2) but with a closer scrutiny, we can unveil the weak and shaky foundations of his argument; (3) as a consequence, his solution of ‘adding a second loop’ to make management research meet dual needs of rigor and relevance is illusory and merely an applied science fiction; (4) and finally, there are two real contributions of his papers to the irrelevance debate, but they are not like what we might have thought. URI: http://hdl.handle.net/10398/7827 Filer i denne post: 1
wp2-2009-xl.pdf (223.8Kb) -
A model of trade with several countries where local integration benefits allHansen, Bodil O.; Keiding, Hans (København, 2005)[Flere oplysninger][Færre oplysninger]
Resume: For the study of economic integration, it is costumary to use a three countryworld, where two of the countries may introduce forms of closer economic cooperation. In the present model, we follow this tradition but put special emphasis on the role of credit and entrepreneurship. Our model is of the standard neoclassical type, with the addition that production takes time and is subject to uncertainty. Also, firms must use the financial system in order to buy inputs; the cost of credit may differ among countries and industries, reflecting their basic patterns of uncertainty. Following the Newbery-Stiglitz approach, we show that in such model we may exhibit cases of Pareto inferior trade and, in particular, Pareto inferior economic integration. More specifically, we show that integrating countries of very different economic size may give rise to adverse effects on welfare, whereas integration of countries with a more similar economic structure and size tends to have beneficial effects for the parties. Keywords: trade, uncertainty, Pareto inferior trade, regional integration. JEL classification: F11, F15, F34 URI: http://hdl.handle.net/10398/7495 Filer i denne post: 1
wp4-2005.pdf (124.2Kb) -
Rethinking organisational culture inspired by the "becoming" perspectiveDarmer, Per; Bøgetoft Christensen, Jens (København, 2003)[Flere oplysninger][Færre oplysninger]
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Lando, Henrik (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: This article compares a set of often used simple contracts or mechanisms in terms of how well they allocate decision rights between two agents over time. A basic assumption is that agents incur a fixed cost each time they renegotiate. The contracts or mechanisms studied are: individual ownership and authority, the first-come first-serve rule, the alternating rule and the sign-up rule. One trade-off that arises is the following: when usage of the asset is flexible in the sense that it does not matter in which period it occurs, agents may rely on obtaining the asset through arriving first at some point, while when an agent needs to time and plan the use of the asset, he or she may wish to hold stronger rights or to use the sign-up rule as a simple form of contracting. (JEL:D10, D23, L22); Keywords: Incomplete contracts, individual ownership,first-come first-serve rule, costly renegotiation. URI: http://hdl.handle.net/10398/6815 Filer i denne post: 1
wplefic012004.pdf (658.9Kb) -
Gudum, Connie K. (København, 2002)[Flere oplysninger][Færre oplysninger]
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Drewsen, Merete; Lando, Henrik; Cummins, Tim (København, 2006)[Flere oplysninger][Færre oplysninger]
Resume: This is not a theoretical paper but an application of existing law and economic contract theory to the issue of how to draft a specific kind of contract. It is addressed to practitioners and is intended for practical use. It will be part of a Wiki (as in Wikipedia) for contract drafting, which IACCM (International Association for Contract and Commercial Management) has initiated. The main theoretical aspect of the article concerns the application of the value maximization principle (the Coase theorem) to the drafting of confidentiality agreements. While the article is not theoretical, its prescriptions are open to theoretical dispute; this may especially be the case for the section on the size of damages. URI: http://hdl.handle.net/10398/7250 Filer i denne post: 1
ssrn-id917927.pdf (114.9Kb) -
Product Experimentation in the Music IndustryLorenzen, Mark; Frederiksen, Lars (Frederiksberg, 2005)[Flere oplysninger][Færre oplysninger]
Resume: The paper is conceptual, combining project and economic organization literatures in order to explain the organization and management of market-based projects. It dedicates particular focus to projects set up in order to facilitate product innovation through experimentation. It investigates the internal vs. market economies of scale and scope related to projects, as well as the issues of governance, planning and coordination related to reaping such economies. Incorporating transaction cost perspectives as well as considerations of labour markets, the paper explains the management of market-organized innovation projects by virtue of localized project ecologies and local labour markets of leaders and boundary spanners. It illustrates its arguments with a case study of the Recorded Music industry. URI: http://hdl.handle.net/10398/7881 Filer i denne post: 1
DRUID_05_23.pdf (174.4Kb) -
a stylished model for Egypt with some numerical policy examplesRisager, Ole; Yang, Chang-Po (København, 1999)[Flere oplysninger][Færre oplysninger]
Resume: This paper analyzes the consequences of pursuing a less activist Government employment stabilization policy strategy in Egypt. On the basis of a fairly stylized model we find that a reduction of the Government’s involvement in the economy along with an introduction of mild but binding firing regulations in the private sector may lead to a rise in total employment and to an improvement in Egypt’s trade balance vis-à-vis the rest of the world. URI: http://hdl.handle.net/10398/7659 Filer i denne post: 1
1999_3.pdf (84.99Kb) -
Lando, Henrik; Rose, Caspar (København, 2003)[Flere oplysninger][Færre oplysninger]
Resume: Abstract: Proponents of specific performance as a remedy for breach of contract have found support in the alleged use of the remedy in Civil Law countries. However, we provide evidence that specific performance is in fact a rare remedy in Denmark, Germany and France, and under CISG, when performance requires actions to be undertaken, and we relate this to costs of enforcement. We argue that it is administratively costly to run a system of enforcement that renders specific performance attractive to the aggrieved party, and that the Civil Law countries have (like Common Law countries) chosen not to incur these costs of enforcement. This is especially clear in the case of Denmark, where specific performance of actions has been abandoned as a legal remedy. At the normative level, we argue that enforcement costs provides an additional rationale, over and above the rationales of the theory of efficient breach, for damages and against specific performance as the general remedy. URI: http://hdl.handle.net/10398/6823 Filer i denne post: 1
wplefic142003new2.pdf (270.4Kb) -
Lorenzen, Mark (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: The paper presents stylized facts about the economic organisation of the film industry, arguing that while we know a lot about production, specialization and internationalization, the complex processes of globalization are still under-researched. The paper concludes with a research agenda of how to address globalization. URI: http://hdl.handle.net/10398/8146 Filer i denne post: 1
x656557108.pdf (202.1Kb) -
Lorenzen, Mark (, 2008)[Flere oplysninger][Færre oplysninger]
Resume: The paper presents stylized facts about the economic organisation of the film industry, arguing that while we know a lot about production, specialization and internationalization, the complex processes of globalization are still under-researched. The paper concludes with a research agenda of how to address globalization. URI: http://hdl.handle.net/10398/7775 Filer i denne post: 1
Creative Encounters Working Papers 8.pdf (202.1Kb) -
Eliasson, Gunnar; Wihlborg, Clas (København, 2003)[Flere oplysninger][Færre oplysninger]
Resume: The New Economy is closely associated with computing & communications technology, notably the Internet. We discuss property rights to, and trade in, the difficult-to-define intangible assets increasingly dominating the New Economy, and the possibility of under-investment in these assets. For a realistic analysis we introduce a Schumpeterian market environment (the experimentally organized economy). Weak property rights prevail when the rights to access, use, and trade in intangible assets cannot be fully exercised. The trade-off between the benefits of open access on the Internet, and the incentive effects of strengthened property rights, depend both on the particular strategy a firm employs to secure property rights, and the protection offered by law. Economic property rights can be strengthened if the originator can find innovative ways to charge for the intangible assets. The extreme complexity of the New Economy and the large number of possible innovative private contract arrangements make it more important to facilitate the use and enforcement of private individualized contracts to protect intellectual property than to rely only on standard mandatory patent and copyright law. Enabling law is one proposed solution. Current patent legislation in the US has led to costly litigation processes weakening the position of small firms and individuals in patent disputes. The property rights of such firms and individuals could be strengthened with insurance or arbitration procedures. Key words: Competence bloc theory, Enabling law, Experimentally Organized Economy, New Economy, Weak property rights, Tradability, Underinvestment. URI: http://hdl.handle.net/10398/6811 Filer i denne post: 1
wplefic052003.pdf (378.8Kb) -
Lando, Henrik (København, 2005)[Flere oplysninger][Færre oplysninger]
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Evidence from Sibling CorrelationsLindquist, Matthew; Sol, Joeri; Praag, Mirjam van; Vladasel, Theodor (London, 2016)[Flere oplysninger][Færre oplysninger]
Resume: Promoting entrepreneurship has become an increasingly important part of the policy agenda in many countries. The success of such policies, however, rests in part on the assumption that entrepreneurship outcomes are not fully determined at a young age by factors that are unrelated to current policy. We test this assumption and assess the importance of family background and neighborhood effects as determinants of entrepreneurship, by estimating sibling correlations in entrepreneurship. We find that between 20 and 50 percent of the variance in different entrepreneurial outcomes is explained by factors that siblings share (i.e., family background and neighborhood effects). The average is 28 percent. Hence, entrepreneurship is far less than fully determined at a young age. Our estimates increase only a little when allowing for differential treatment within families by gender and birth order. We then investigate a comprehensive set of mechanisms that explain sibling similarities. Parental entrepreneurship plays a large role in explaining sibling similarities, as do shared genes. We show that neighborhood effects matter, but are rather small, particularly when compared with the overall importance of family factors. Sibling peer effects, and parental income and education matter even less. URI: http://hdl.handle.net/10398/9423 Filer i denne post: 1
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Overgaard Olesen, Jan; Risager, Ole (København, 2000)[Flere oplysninger][Færre oplysninger]
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Lando, David; Mortensen, Allan (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: This paper investigates the pricing of step-up bonds, i.e. corporate bonds with provisions stating that the coupon payments increase as the credit rating level of the issuer declines. To assess the risk-neutral rating transition probabilities necessary to price these bonds, we introduce a new calibration method within the reduced-form rating-based model of Jarrow, Lando, and Turnbull (1997). We also treat split ratings and adjust for rating outlook. Step-up bonds have been issued in large amounts in the European telecom sector, and we find that, through most of the sample, step-up bonds issued by the two largest issuers have traded at a discount relative to comparable fixed-coupon bonds from the same issuers. Our findings cannot be attributed to traditional liquidity factors, and they suggest that issuing step-up bonds increased the cost of capital for the issuers. Keywords: defaultable bonds, step-up coupons, rating-based models JEL classification: G12, G13 URI: http://hdl.handle.net/10398/7184 Filer i denne post: 1
endeligt_wp_2004-9.pdf (412.0Kb) -
Foss, Nicolai Juul (København, 1997)[Flere oplysninger][Færre oplysninger]