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on Intellectual Property Rights |
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Issue of 2020‒12‒21
three papers chosen by Giovanni Ramello Università degli Studi del Piemonte Orientale “Amedeo Avogadro” |
| By: | Matthieu Dhenne (Max Planck Institute for Innovation and Competition - Max-Planck-Gesellschaft) |
| Keywords: | FRAND,License Agreements,patent law |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:halshs-02970430&r=all |
| By: | Langinier, Corinne; Ray Chaudhuri, A. (Tilburg University, School of Economics and Management) |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:tiu:tiutis:03e766c3-0046-4ddf-b9aa-44fb81ed9458&r=all |
| By: | Wendong Zhang (Center for Agricultural and Rural Development (CARD)); Sergio H. Lence (Center for Agricultural and Rural Development (CARD)); Todd Kuethe |
| Abstract: | Opinion surveys are the dominant method to gauge U.S. farmland values. However, there lacks a systematic evaluation of how opinions are formulated and adjust over time. Using a panel data of 311 agricultural professionals from the Iowa Land Value Survey from 2005 to 2015, we investigate how surveyed experts update their farmland value estimates. We find that experts almost fully correct their prior "errors" in a single period. Experts' opinions also incorporate most of the prevailing price innovations in one period. Our Bayesian estimation technique simultaneously addresses the non-stationarity of farmland values and the Nickell bias in short dynamic panels. |
| Date: | 2020–12 |
| URL: | http://d.repec.org/n?u=RePEc:ias:cpaper:20-wp612&r=all |