A Model of Forum Shopping

Josh Lerner and Jean Tirole

American Economic Review, 2006, vol. 96, issue 4, 1091-1113

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. (JEL D82, 031, 034)

Date: 2006
Note: DOI: 10.1257/aer.96.4.1091
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