Rewards versus intellectual property rights

Article Abstract:

In a rewards system, the government pays directly for innovations which then go into the public domain. Such a system is compared to the present intellectual property rights system of patents and copyrights. It is concluded that a system in which innovators could opt for either intellectual property rights or rewards would be optimal.

Licenses, Patents & Trademarks, Models, Intellectual property, Creative ability, Creativity, Inventors, Intellectual property law

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An empirical test of the offset hypothesis

Article Abstract:

A study of the effect of mandatory seat belt laws on driver fatalities in Canada is presented. The theory that such laws will not lead to offseting behavior by drivers is tested. It is concluded that there is some offseting behavior by drivers, as seat belt laws have lowered fatalities at a lower rate than expected.

Motor Vehicle Seating and Interior Trim Manufacturing, Fabricated textile products, not elsewhere classified, Seat & Safety Belts, Influence, Traffic accidents, Seat belts, Traffic regulations

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Legal fee restrictions, moral hazard, and attorney rents

Article Abstract:

Legal ethics rules forbid lawyers from purchasing client's legal claims. An economic model is presented explaining why these rules are economically beneficial to lawyers, but may not be in clients' best interests.

Competition (Economics), Economic aspects, Lawyers' fees, Legal ethics

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