We address the problem faced by innovators who have an idea for a marketable product but must hire employees to bring the product to the market. However, newly hired employees learn the idea and may attempt to bring the product to the market themselves. We develop a bargaining model that...

We address the problem faced by innovators who have an idea for a marketable product butmust hire employees to bring the product to the market. Information leakage implies that newly hired employees become informed of the idea and may attempt to bring the product to the market themselves. We...

In this paper, we analyze the relationship between innovation and firms governancestructure. We present and analyze a simple model in which the firm s governance struc-ture influences the behavior of innovative employees and, in turn, innovation bringsabout changes to the firm s governance...

We analyze a model of bargaining over new ideas. The model accounts for the problem of information leakage, i.e., the diffusion of information about the idea before and after the idea is implemented. We analyze the effects of information leakage on the distribution of rents within firms and the...

A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...

We analyze the structure of a society driven by power relations. Our model has an exogenous power relation over the set of coalitions of agents. Agents determine the social order by forming coalitions. The power relations determine the ranking of agents in society for any social order. We study...