Archives for CORE

The Inverse Cournot Effect in Royalty Negotiations with Complementary Patents Gerard Llobet, CEMFI, Madrid It has been argued that the licensing of complementary patents leads to excessively large royalties due to the well-known royalty-stacking effect. This paper shows that considering patent...

Robert J. Aumann, 2005 Nobel Prize Laureate in Economics, will present a conference on "Rule-rationality: a synthesis of behavioral and mainstream economics". Rule-rationality is a paradigm according to which people do not maximize utility in each of their acts, but rather follow rules or...

Shrinkage Approaches to the Estimation of Higher Order Moments Kris BOUDT, KULeuven Optimal financial decision making often requires to take into account the higher order comoments of dependent random variables. They are however notoriously difficult to estimate. We propose several...

Is It Harder for Older Workers to Find Jobs? New and Improved Evidence from a Field Experiment David Neumark, University of California, Irvine We design and implement a large-scale field experiment – a resume correspondence study – to address a number of potential limitations of existing field...