The purpose of this chapter is to survey the academic literature on the economics of litigation
and to synthesize its main themes. The chapter begins by introducing the basic economic …

Are the attitudes and beliefs of chief executive officers (CEOs) linked to their firms' innovative
performance? This paper uses a measure of overconfidence, based on CEO stock-option …

This paper analyses theoretically and empirically the relationship between military conflicts
and trade. We show that the conventional wisdom that trade promotes peace is only partially …

This paper develops an economic theory of the costs and benefits of corporate culture—in
the sense of shared beliefs and values—in order to study the effects of “culture clash” in …

We study costs and benefits of differences of opinion between an adviser and a decision
maker. Even when they share the same underlying preferences over decisions, a difference …

In a world in which rational individuals may hold different prior beliefs, a sender can
influence the behavior of a receiver by controlling the informativeness of an experiment …

Abstract Voluntary Standard Setting Organizations (SSOs) use a consensus process to
create new compatibility standards. Practitioners have suggested that SSOs are increasingly …

This paper develops a theory of the firm in which a firm's centralized asset ownership and
low-powered incentives give the manager, as an equilibrium outcome, interpersonal …

Consensus standardization often involves bargaining without side payments or substantive
compromise, creating a war of attrition that selects through delay. We investigate the trade …

Entrepreneurs often rely on intellectual property (IP) to earn a return on their innovations,
and also compatibility standards, which allow them to supply specialized components for a …