, competition does not eliminate but rather exacerbates inefficiencies arising from contracting with focused agents. Common contract …

make external financing costly, the optimal contract between shareholders and employees involves some degree of risk …

This paper builds a dynamic theory of secessions, conflictual or peaceful, analyzing the forward looking interaction …

In standard coalition games, players try to form a coalition to secure a prize and a coalition agreement specifies how … of the prize often takes place after the coalition formation stage. This creates the possibility for some players to ask … strategic disadvantage: a greater voting power in forming a winning coalition is undermined by the threat of being overly …

This paper considers endogenous coalition formations and endogenous technology choices in a model of private provision … contributions by a strategic incentive to adopt lower technology to motivate coalition building by other nations, which in the end …

model of vertical integration in a supplier-producer relationship that is rooted in the property-rights theory to learn …