, there are combinations of possible sharing rules such that no pure strategy effort equilibria exist, hence for these sharing …. However, limiting ourselves to the restricted sharing rules case, we are able to state that there are continua of subgame … rules, the continuation payoffs are not defined, so that there exist no subgame perfect Nash equilibria in pure stragies …

, there are combinations of possible sharing rules such that no pure strategy effort equilibria exist, hence for these sharing …. However, limiting ourselves to the restricted sharing rules case, we are able to state that there are continua of subgame … rules, the continuation payoffs are not defined, so that there exist no subgame perfect Nash equilibria in pure stragies …

financially fair state-dependent sharing rule is applied. When more prevailing sharing rules like linear rules are applied, this … holds no longer. Furthermore, the degree of sub-optimality imposed by linear sharing rules is more pronounced in the …