Patents can incentivize innovation but are often overused by pharmaceutical firms to extend market exclusivity with secondary patents on marginal improvements. Such behaviors raise questions on wh
Policies differentiating coverage generosity based on the beneficiary's age and contribution time are ubiquitous in social insurance, yet they vary considerably. The paper presented in this ZEW Re
Around the world, laws limit incentives for transactions such as human research participation, egg donation, or gestational surrogacy. A key reason is the notion of undue inducement — the conceptu
The paper presented in this Virtual Market Design Seminar examines the optimal design of a queueing system when agents’ arrival and servicing are governed by general Markov processes. The designer
The restrictions on public life imposed by German policymakers are effective measures for containing the coronavirus, but in addition to sanctioning those who breach the rules, instruments should be p