Dr Simona Fabrizi

Dr Simona Fabrizi staff profile picture

Senior Lecturer

School of Economics & Finance

Telephone: +64 (09) 414 0800  ext. 43174
Email: 

Other contact details

Room QB 2.49, Quadrangle Building B, Albany

Professional

Professional Biography

Homepage and Curriculum Vitae

Simona Fabrizi is an Economist, a Senior Lecturer at the School of Economics and Finance (Albany) and currently on research leave at the University of New South Wales, School of Economics (July 2014 - Februrary 2015). She holds a PhD in Economics from the Toulouse School of Economics and the University of Bologna. Simona's research has been published in top-field economics journals such as Economic Theory (ABDC and ERA ranked A*), the Journal of Industrial Economics (ERA ranked A*), the Journal of Institutional and Theoretical Economics (ERA ranked A) and Telecommunications Policy (ERA ranked A). Her research has been cited favourably in top econ journals such as the American Economic Review, and leading econ journals such as Telecommunications Policy. Findings of her research also caught repeatedly the attention of legal scholars, investor blogs, and New Zealand’s MBIE.

Simona is the founding member of the recently established Research Network in 'Applied and Theoretical Economics (ATE)' hosted and administered at Massey University and, since 2010, a Member of the Centre for Mathematical Social Sciences at the University of Auckland. Since 2007 Simona acts as the Editor of the New Economics Paper Reports in RePEc 'Contract Theory and Applications'. Simona coordinates the economic seminar series within the School of Economics and Finance, Albany campus, and is very active in the research community, also by collaborating with, and attracting, internationally reputed scholars, by having secured external research funding in several occasions (including Marsden funds), by organising workshops, by regularly presenting her research in international refereed conferences and invited academic seminars, by having championed a Memorandum of Understanding between Massey University and the Karlsruhe Institute of Technology to foster research collaborations in economics across the two institutions, as well as by often acting as ad-hoc referee for A* and A ranked journals and as external examiner for research theses.

Qualifications

  • PhD in Economics - Toulouse School of Economics (2003)
  • PhD in Economics - University of Bologna (2003)
  • MPhil in Quantitative Advanced Economics - Toulouse School of Economics (1999)
  • MA in Mathematical Economics - Toulouse School of Economics (1998)
  • BA in Economics - University of Bologna (1995)

Research Expertise

Research Interests

Simona's research work and expertise lies in the broad area of applied microeconomic theory.

Within this area she has explored (i) the incentives to innovate and the role of information asymmetries, part of a 3-year Marsden Fast Start funded project (start date February 2009, end date June 2012); (ii) competition and regulation in the telecommunications industry; (iii) prospect theory and reference-dependent preferences and their applications to the widespread business practice of recommending retail prices; and (iv) corruption and institutions. For more information about Simona's research and achievement, please visit her personal website at http://www.massey.ac.nz/~sfabrizi/ and/or her research profiles appearing in SSRN and RePEc, respectively at http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=875506 and http://econpapers.repec.org/RAS/pfa52.htm

Thematics

21st Century Citizenship, Design – for Commerce, Community and Culture

Area of Expertise

Field of Research Codes
Applied Economics (140200): Economic Theory (140100): Economics (140000): Industry Economics and Industrial Organisation (140209): Mathematical Economics (140103):
Mathematical Sciences (010000):
Microeconomic Theory (140104): Public Economics- Public Choice (140213)

Keywords

Applied Microeconomic Theory

Industrial Economics

Competition Law and Policy

Innovation Theory

Mathematical Economics

Economic Theory and Design

Research Projects

Completed Projects

Project Title: Venture Capitalists and Intellectual Property

Venture capital (VC) industry plays an increasingly important role in the innovation process by providing funding to financially constrained entrepreneurs. Since venture capitalists often finance early stage innovations, which may or may not be patentable, they determine which ideas are developed further and which are abandoned. Hence, it is important to determine how close profitdriven VCs come to maximizing welfare. To this end, our goal in this project is twofold. First, we aim to investigate how exit through mergers and acquisitions by incumbent firms affects the funding incentives of VCs, especially in cases when the VCs have an information advantage vis-àvis the incumbent firms in the relevant market. Second, we aim to investigate VCs¿ incentives to syndicate when there are competing projects being funded. Such syndication would have a direct impact on the level of competition in the product market. In both of these settings, we propose to study the incentives of VCs and how they are affected by the design of the IP system with a goal of determining the optimal IP system. We also propose to test the predictions of the theoretical models we build in order to provide sound policy recommendations aimed at fostering innovation.
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Date Range: 2009 - 2012

Funding Body: Marsden Fund - Fast Start

Project Team:

Project Title: Innovation and Venture Capital

The MURF project helped me apply successfully for a Marsden Fast Start Grant (with Dr Steffen Lippert) to work on the theme of innovation and venture capital funding. Seed funding was instrumental to advance our project, leading to the completion of the paper "Venture Capitalists and the Patenting of Innovations" (joint with S. Lippert, P.-J. Norbäck, and L. Persson), now published in a special issue of The Journal of Industrial Economics (ERA ranked A*) on the topic "Patents, Entrepreneurship and Innovation" together with contributions by the leading researchers in the field, having received endorsement by two top scholars who edited the issue and anonymous referees. This paper is the first to theoretically model the phenomenon, and to generate many novel, testable implications, about the interaction of the patenting system with venture capital financing. This research is likely to lead to a number of empirical studies in the field, testing these implications. The research on the interaction between venture capital financing and patenting has also been on the recommended reading list of entrepreneur and legal blogs and was the subject of a Media Briefing of the Science Media Centre, beyond having drawn the attention of New Zealand's MBIE.
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Date Range: 2008 - 2009

Funding Body: Massey University

Project Team:

Research Outputs

Journal

Fabrizi, S., Bloch, F., & Lippert, S. (2014). Learning and collusion in new markets with uncertain entry costs. Economic Theory. Retrieved from http://dx.doi.org/10.1007/s00199-014-0814-2
[Journal article]Authored by: Fabrizi, S.
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Fabrizi, S., Lippert, S., Norbäck, P-J., & Persson, L. (2013). Venture capitalists and the patenting of innovations. Journal of Industrial Economics. 61(3), 623-659
[Journal article]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S. (2012). Due diligence, research joint ventures, and incentives to innovate. Journal of Institutional and Theoretical Economics. 168(4), 588-611 Retrieved from http://www.mohr.de/en/journals/economics/journal-of-institutional-and-theoretical-economics-jite/journal.html
[Journal article]Authored by: Fabrizi, S.
Read Online: DOI icon Read Abstract: abstract icon

Fabrizi, S. (2011). Asymmetric upgrading of mobile services: A demand-side explanation. International Journal of e-Business Research. 7(3), 79-91
[Journal article]Authored by: Fabrizi, S.

Fabrizi, S., & Wertlen, B. (2008). Roaming in the Mobile Internet. Telecommunications Policy. 32(1), 50-61
[Journal article]Authored by: Fabrizi, S.

Book

Fabrizi, S. (2010). Wireless technologies: Shifting into the next gear?. (pp. 1244 - 1255).
[Chapter]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L.(2011). Venture capital, patenting, and usefulness of innovations. Centre for Economic Policy Research
[Discussion Paper]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S.(2012). Due diligence, research joint ventures,and incentives to innovate.
[Discussion Paper]Authored by: Fabrizi, S.

Fabrizi, S. (2010). Asymmetric upgrading of mobile services: A demand-side explanation. In Massey University College of Business Research Paper Series(pp. 1 - 13). : Social Science Research Network (SSRN) and Massey University, College of Business
[Working Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Lippert, S., Norback, P., & Persson, L. (2010). Venture capital financing, patenting, and long-run performance of private acquisitions. In Massey University College of Business Research Paper Series(pp. 1 - 46). : Social Science Research Network (SSRN) and Massey University, College of Business
[Working Paper]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Wertlen, B. (2007). Roaming in the mobile internet. In Social Science Research Network (SSRN) Working Paper Series: Social Science Research Network
[Working Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L. (2007). Venture capitalists, asymmetric information and ownership in the innovation process. In Social Science Research Network (SSRN) Working Paper Series: Social Science Research Network
[Working Paper]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S. (2007). On moral hazard and joint R&D. In Keele Economics Research Papers(pp. 1 - 26). : Keele University, Centre for Economic Research
[Working Paper]Authored by: Fabrizi, S.

Conference

Fabrizi, S., Bloch, F., & Lippert, S.Learning and collusion in new markets with uncertain entry costs. . Corfu, Greece
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Bloch, F., & Lippert, S.Learning and collusion in new markets with uncertain entry costs. . Barcelona, Spain
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Bloch, F., & Lippert, S.Learning and collusion with uncertain entry costs. . Auckland, NZ
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.Corruption and the public display of wealth. . University of Queensland, Brisbane
[Conference Paper]Authored by: Fabrizi, S.
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Bloch, F., Fabrizi, S., & Lippert, S.Learning and collusion in new markets with uncertain entry costs. . Arlington, Virginia
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.Corruption and the public display of wealth. . VUW, Wellington
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.International telecommunications pricing: Is there scope for reform?. . VUW, Wellington
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.Corruption and the public display of wealth. . Rome
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.International internet roaming. . Sydney
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.Corruption and the public display of wealth. . Arlington, Virginia
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.Corruption and the Public Display of Wealth. . Brisbane, Australia
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Lippert, S., & Bloch, F.Learning, Preemption and Cooperation in R&D Races. . Canberra, Australia
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Rosenkranz, S., Lippert, S., & Puppe, C.Suggested retail prices with downstream competition. . Canberra, Australia
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S.International Internet roaming. . Rhodes, Greece
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Rosenkranz, S., Puppe, C., & Lippert, S.Suggested retail prices with downstream competition. . Rhodes, Greece
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Bloch, F., & Lippert, S.Learning, preemption and cooperation in R&D races. . Faro, Portugal
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Rosenkranz, S., Puppe, C., & Lippert, S.Suggested retail prices and downstream competition. . Otranto, Italy
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Lippert, S., Rosenkranz, S., & Puppe, C.Suggested retail prices with downstream competition. . Stockholm
[Conference Paper]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Lippert, S.International Internet roaming. . Stockholm
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., Lippert, S., Puppe, C., & Rosenkranz, S.(2011). Suggested retail prices with downstream competition. . Boston, United States
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S.(2011). International internet roaming. . Boston, MA, United States
[Conference Paper]Authored by: Fabrizi, S.

Bloch, F., Fabrizi, S., & Lippert, S.(2011). Learning, preemption and cooperation in R&D races. . Adelaide, Australia
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Puppe, C., & Rosenkranz, S.(2011). Suggested retail prices with downstream competition. . Adelaide, Australia
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Puppe, C., & Rosenkranz, S.(2011). Suggested retail prices with downstream competition. . Brisbane, Australia
[Conference Paper]Authored by: Fabrizi, S.

de Bruin, A., Fabrizi, S., Lee, L., & Lippert, S.(2010). Not for loss: Insights on building a community asset. . New York, United States of America
[Conference Paper]Authored by: de Bruin, A., Fabrizi, S., Lee, L.
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Fabrizi, S., Lippert, S., & Puppe, C.(2010). Suggested retail prices with downstream competition. . Maastricht, The Netherlands
[Conference Paper]Authored by: Fabrizi, S.
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Fabrizi, S., & Lippert, S. (2010, February). On moral hazard and joint R&D. Presented at 28th Australasian Economic Theory Workshop. Melbourne, VIC, Australia.
[Conference Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S.(2009). On moral hazard and joint R&D. . Ibaraki, Japan
[Conference Paper]Authored by: Fabrizi, S.
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Erkal, N., Fabrizi, S., & Lippert, S.(2009). Syndication and termination of viable competing projects. . Boston, MA
[Conference Paper]Authored by: Fabrizi, S.
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Erkal, N., Fabrizi, S., & Lippert, S.(2008). Venture capital syndication and termination of viable projects. . Gold Coast, QLD, Australia
[Conference Paper]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S.(2008). Venture capital syndication and termination of viable projects. . Toulouse, France
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Erkal, N., & Lippert, S.(2008). Venture capital syndication and termination of viable projects. . Wellington, New Zealand
[Conference Paper]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S.(2008). Venture capital syndication and termination of viable projects. . Auckland, NZ
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L.(2007). Venture capitalists, asymmetric information and ownership in the innovation process. . Bilbao, Spain
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L.(2007). Venture capitalists, asymmetric information and ownership in the innovation process. . Savannah, GA
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L.(2007). Venture capitalists, asymmetric information and ownership in the innovation process. . Madrid, Spain
[Conference Paper]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L. (2007). Venture capitalists and the innovation process. In MH. Liu, & A. Tourani Rad (Eds.) Proceedings of the 11th New Zealand Finance Colloquium.
[Conference Paper in Published Proceedings]Authored by: Fabrizi, S.

Fabrizi, S.(2006). Venture capitalists and the innovation process. . London School of Economics, London, UK
[Conference Other]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S.(2006). How much efficiency gains and price reductions to put as ingredients into an efficiency defense? 'Quanto Basta'. . University of Amsterdam, Amsterdam, The Netherlands
[Conference Paper]Authored by: Fabrizi, S.

Other

Fabrizi, S., Bloch, F., & Lippert, S. (2013, January). Learning and collusion with uncertain entry costs. In University of New South Wales, School of Economics, Economic Theory Workshop.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Lippert, S. (2013, January). Corruption and the public display of wealth. In University of New South Wales, School of Economics, Economic Theory Workshop.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., Bloch, F., & Lippert, S. (2012, August). Learning and collusion with uncertain entry costs. In Invited seminar at the Centre for Mathematical Social Sciences (CMSS), University of Auckland.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Lippert, S. (2012, September). Corruption and the public display of wealth. In Invited seminar at the University of Macerata, Law & Economics Department.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., Bloch, F., & Lippert, S. (2012, October). Learning and collusion with uncertain entry costs. In Invited seminar at the University of Otago, Economics Department.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Lippert, S. (2012, November). International telecommunications pricing: Is there scope for reform?. In New Zealand Commerce Commission.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., Lippert, S., Puppe, C., & Rosenkranz, S. (2010). Suggested retail prices with downstream competition. Presented at Canberra, Australia.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S., & Lippert, S. (2010). On Moral Hazard and Joint R&D. Presented at Auckland, New Zealand.
[Oral Presentation]Authored by: Fabrizi, S.
Read Abstract: abstract icon

Fabrizi, S., & Lippert, S. (2010). On moral hazard and joint R&D. Presented at Karlsruhe, Germany.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L. (2009). Venture capitalists, asymmetric information and ownership in the innovation process. Presented at University of Technology, Sydney, NSW.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S., Lippert, S., Norback, P., & Persson, L. (2008). Venture capitalists, asymmetric information and ownership in the innovation process. Presented at Lawrence, KS.
[Oral Presentation]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S. (2008). Venture capital syndication and termination of viable projects. Presented at Auckland, NZ.
[Oral Presentation]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S. (2008). Venture capital syndication and termination of viable projects. Presented at Italy.
[Oral Presentation]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S. (2008). Venture capital syndication and termination of viable projects. Presented at Kansas State University, KA, Manhattan, United States.
[Oral Presentation]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S. (2008). Venture capital syndication and termination of viable projects. Presented at Illinois State University, IL, United States.
[Oral Presentation]Authored by: Fabrizi, S.

Erkal, N., Fabrizi, S., & Lippert, S. (2008). Venture capital syndication and termination of viable projects. Presented at University of Auckland, Auckland, New Zealand.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S. (2007). International telecommunications pricing: Does a scope for reform exist?. Presented at University of Birmingham, UK.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S. (2007). Venture capitalists, asymmetric information and ownership in the innovation process. Presented at Queen's University Belfast, Northern Ireland, UK.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S. (2006). On moral hazard and joint R&D. Presented at Loughborough University, UK.
[Oral Presentation]Authored by: Fabrizi, S.

Fabrizi, S. (2006). Competition in the market for inventions: On the productive signalling by venture capitalists. Presented at University of Waikato, Hamilton, NZ.
[Oral Presentation]Authored by: Fabrizi, S.

Consultancy and Languages

Languages

  • English
    Last used: Always
    Spoken ability: Excellent
    Written ability: Excellent
  • Italian
    Last used: Always
    Spoken ability: Excellent
    Written ability: Excellent
  • French
    Last used: Frequently
    Spoken ability: Excellent
    Written ability: Excellent
  • Spanish
    Spoken ability: Average
    Written ability: Average
  • German
    Spoken ability: Needs work
    Written ability: Needs work

Supervision and Teaching

Papers Coordinated

Current Postgraduate Supervision

Supervisor of:

  • Siwen Pan - PhD
    Frontiers in Decision Theory

Media and Links

Media

  • 29 Jun 2011 - Online
    Innovation-will science be key to economic growth?
    Panelist in Science Media Centre Briefing on "Innovation - will science be key to economic growth?"
  • 24 Feb 2014 - Online
    Modelling venture capital and the role of patents
    Research in Focus, Celebrations of the 20-years of the Marsden Fund, "Modelling venture capital and the role of patents"
  • 17 Jan 2013 - Online
    New research network launched at Massey
    Article "New research network launched at Massey" appeared on Massey News after the inauguration of the Applied and Theoretical Economics (ATE) Research Network
  • 05 Dec 2013 - Online
    Economics Symposium Weighs Up Competition
    Article "Economics Symposium Weighs Up Competition" appeared on Massey News in conjunction with the organisation of the 1st ATE Symposium on ‘Competition Policy Issues: Theory Meets Practice’
  • 01 Jan 2009 - Magazine, Online
    AETW 2009
    AETW 2009. New Zealand Association of Economists – Asymmetric Information Newsletter 34, ISSN 1177-6366 (Print) ISSN 1177-634X (Online).
  • 01 Aug 2008 - Online
    Appeal Court knockback to grocery giants ’good new
    Interview on the Court of Appeal decision preventing supermarket giantsWoolworths and Foodstuffs attempting to take over The Warehouse. Article "Appeal Court knockback to grocery giants ’good news’ fo
  • 01 Apr 2014 - Magazine
    Venture capitalists and patenting
    Venture capitalists and patenting (with S. Lippert, P.-J. Norbäck, & L. Persson), EcoNZ@Otago 32, 2014.

Other Links

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