Jernej Copic

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Because they provide exclusive property rights, patents are generally considered to be an effective way to promote intellectual discovery. Here, we propose a different compensation scheme, in which everyone holds shares in the components of potential discoveries and can trade those shares in an anonymous market. In it, incentives to invent are indirect,(More)
  • Brian W Rogers, John Duggan, Matthew Jackson, Thomas Palfrey, Jacob, Elena Asparouhova +3 others
  • 2005
We consider a pure informational externalities environment in which agents make binary decisions. The agents are asymmetrically informed about a payoff-relevant state variable, and choose the timing of their decisions strategically. There is a delay cost that must be balanced against the possibility of learning from the announcements of predecessors. For(More)
  • Juan Miguel Benito, Pablo Brañas-Garza, Penélope Hernández, Juan A Sanchis, Nacio Palacios-Huerta, Rosie Nagel +7 others
  • 2011
In this paper we experimentally test Schelling's (1971) segregation model and confirm the striking result of segregation. In addition, we extend Schelling's model theoretically by adding strategic behavior and moving costs. We obtain a unique subgame perfect equilibrium in which rational agents facing moving costs may find it optimal not to move(More)
Networks of social and economic interactions are often influenced by unobserved structures among the nodes. Based on a simple model of how an unobserved community structure generates networks of interactions, we axiomatize a method of detecting the latent community structures from network data. The method is based on maximum likelihood estimation. and(More)
  • Nina Walton, David Levine, Jean-Laurent Rosenthal, Bill Zame, Hugo Hopenhayn, Jernej Copic +3 others
  • 2009
Business School, the Securities and Exchange Commission, and the Australasian Meetings of the Econometrics Society (2008) for their insightful comments. I am also thankful to Tracy Francis, Neal Lerner, and Tamir Maltz for helpful conversations about their own professional practices as advisors to …rms. All mistakes are, of course, my own. Abstract This(More)
  • Federico De, Francesco Ucla, Francisco Buera, Jernej Copic, Maria Cristina De Nardi, Matthias Doepke +6 others
  • 2009
This paper provides a theory of wage inequality that hinges on entrepreneurship. The theory is motivated by new empirical findings. Among them, I document that in countries where barriers to entrepreneurship are high, wage inequality is low. As noted in the literature, differences in wage inequality across countries are, to a great extent, determined by(More)
  • Nina Walton Ucla, Hugo Hopenhayn, Jernej Copic, Antonio Bernardi, Mark Garmaise, Anjan Thakor
  • 2007
I investigate when and how principals can use external experts to monitor agents when agents control information necessary for monitoring. In particular, I provide a theoretical model to examine in what circumstances external experts can assist boards of directors in discharging their management oversight and investment approval duties. Management controls(More)
The Guggenheim Foundation, and the Center for Advanced Studies in Behavioral Sciences for financial support. I am very grateful to collaborators on networks projects, who have helped me learn about social networks and the fascinating questions they present; and who are inexorably tied to the views I take herein. So I thank (in chronological order),