A model of forum shopping

Josh Lerner*, Jean Tirole

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    78 Scopus citations

    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 sponsor's 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.

    Original languageEnglish (US)
    Pages (from-to)1091-1113
    Number of pages23
    JournalAmerican Economic Review
    Volume96
    Issue number4
    DOIs
    StatePublished - Sep 2006

    ASJC Scopus subject areas

    • Economics and Econometrics

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