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How trade secrets hurt innovation

One of the primary ways that employers seek to protect trade secrets is by having employees sign noncompete contracts and nondisclosure agreements. In a recent study, we examined this issue,…

What is a business model?

In "The New, New Thing," Michael Lewis refers to the phrase "business model" as a term of art. And like art itself, it’s one of those things many people feel they can recognize when they see…