This study investigates economic causes and consequences of large corporate divestitures between 1983 and 1987. Prior empirical evidence suggests that ยฎrms hold on to poorly performing operating units for many years before divestiture. An agency-cost explanation for `holding on to losers' has been p
The economics of publishing: The consequences of library and research copying
โ Scribed by Day, Colin
- Publisher
- John Wiley and Sons
- Year
- 1999
- Tongue
- English
- Weight
- 41 KB
- Volume
- 50
- Category
- Article
- ISSN
- 0002-8231
No coin nor oath required. For personal study only.
โฆ Synopsis
Copyright is a crucial property right. Two distinct, but intertwined, economic effects depend upon the ability to control use of that property right and to gain revenue from that use: the first is the incentive effect, and the second, the enabling effect. These two principles underpin the incentive for creating and the means for disseminating copyrighted works. Changes in copyright law can have far-reaching and large influences on the workings of these economic principles and the greater economy.
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