A Model of Forum Shopping
American Economic Review · 2006 · Volume 96 · Issue 4
Abstract
Owners of intellectual property or mere sponsors of an idea (e.g., authors, security issuers, sponsors of standards) resort to more or less independent certifiers to persuade potential users (buyers or adopters) of the worth of their property or idea. We analyze the sponsors choices of certifier and design, social preferences regarding these choices, and the impacts thereon of multiple categories of users, of a downstream presence of the sponsor, and of certifier market power. Finally, we study strategic forum shopping by sponsors of competing ideas. (JEL D82, 031, 034)
Keywords
Asymmetric and Private Information, Mechanism Design, Innovation and Invention: Processes and Incentives, Intellectual Property and Intellectual Capital
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