investments and incomplete contracting, can be supported with approximately-designed contracts. These studies have, for the most … part, restricted attention to specific investments that benefit the investor (e.g., the seller's investment reduces her … cost of producing the good). We find very different results for "cooperative" specific investments that directly benefit …

investments and incomplete contracting, can be supported with appropriately-designed contracts. These studies have, for the most … part, restricted attention to so called "selfish" investments that benefit the investor (e.g., the seller's investment … reduces her cost of producing the good). We find very different results for "cooperative" investments that directly benefit …