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Control and contract design in research collaborations: A complete contract perspective

Panico, Claudio - In: International Journal of Industrial Organization 30 (2012) 5, pp. 459-470

projects. A delicate resulting contracting decision thus is how to allocate control. This paper considers the incumbent …'s problem to design a research contract that specifies: the allocation of control; the unit's research input, and its monetary … are not verifiable. Control affects the distribution of the private benefits from research and can be shared. From a …

Persistent link: https://www.econbiz.de/10010688291

Divesting ownership in a rival

Brito, Duarte; Cabral, Luís; Vasconcelos, Helder - In: International Journal of Industrial Organization 34 (2014) C, pp. 9-24

We examine the consumer welfare effect of a firm's partial ownership of a competitor and compare the implications of alternative forms of divestiture. We identify conditions under which turning voting shares into non-voting shares is preferable to selling the shares to the firm's current...

Persistent link: https://www.econbiz.de/10011051625