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Contracts. --- Corporation law. --- Law and economics --- Liberty of contract. --- Rechtsetzung. --- Vertragsrecht. --- Zwingendes Recht. --- Ökonomische Theorie des Rechts. --- Psychological aspects. --- Deutschland.
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Hauptbeschreibung In vielen Bereichen des Privatrechts wird die Privatautonomie von Vertragsparteien zunehmend gesetzlich beschränkt. Stefan Bechtold zeigt an Beispielen aus dem allgemeinen Zivilrecht, dem Verbraucherschutzrecht sowie dem Gesellschafts- und Kapitalmarktrecht Grenzen auf, bei denen zwingendes Vertragsrecht als Regulierungsinstrument versagt. Dabei öffnet sich die Untersuchung dem heutigen Methodenapparat von "" (behavioral) law and economics "" in seiner ganzen Breite und Tiefe.Auf dieser Grundlage entwickelt der Autor Bausteine einer funktionalen Rechts
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Hauptbeschreibung Wissen wird im (unternehmerischen) Wettbewerb zunehmend zur entscheidenden Ressource. Zunehmend dominiert der Wettbewerb um neue Märkte statt derjenige innerhalb einer gegebenen Marktumgebung. Ausdruck dieser Tendenz ist nicht zuletzt, dass immaterielle Schutzrechte geistigen Eigentums - allen voran die steigende Zahl der erteilten Patente - für die Unternehmen ständig wichtiger werden, um sich im Wettbewerb zu behaupten. In dem Maße wie jedoch die Bedeutung des ""Geistigen Eigentums"" steigt, nimmt auch die Gefahr zu, dass die damit verbundenen Ausschlussrechte zu
Competition, Unfair. --- Intellectual property. --- Intellectual property (International law) --- International law --- Intellectual property --- IP (Intellectual property) --- Proprietary rights --- Rights, Proprietary --- Intangible property --- Competition --- Competition, Unfair --- Competition law --- Fair trade --- Unfair competition --- Unfair trade practices --- Commercial crimes --- Commercial law --- Industrial property --- Torts --- Advertising laws --- Law and legislation
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Antitrust law --- Competition, Unfair --- Restraint of trade
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In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same technological level, i.e. for neck-and-neck firms. First, we find that increased competition leads to a significant increase in R&D investments by neck-and-neck firms. Second, increased competition decreases R&D investments by firms that are lagging behind, in particular if the time horizon is short. Third, we find that increased competition affects industry composition by reducing the fraction of sectors where firms are neck-and-neck. All these results are consistent with the predictions of step-by-step innovation models.
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In this paper, we design two laboratory experiments to analyze the causal effects of competition on step-by-step innovation. Innovations result from costly R&D investments and move technology up one step. Competition is inversely measured by the ex post rents for firms that operate at the same technological level, i.e. for neck-and-neck firms. First, we find that increased competition leads to a significant increase in R&D investments by neck-and-neck firms. Second, increased competition decreases R&D investments by firms that are lagging behind, in particular if the time horizon is short. Third, we find that increased competition affects industry composition by reducing the fraction of sectors where firms are neck-and-neck. All these results are consistent with the predictions of step-by-step innovation models.
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