Because the interests of the manager and the organization are not necessarily coincident, the principal-agent problem arises in the process of recruitment. The standard of employment and the motive in the manager's mind may influence the result of recruitment. The present paper analyzes a game...

Increasingly sophisticated machinery, short product life-cycles, and demanding user requirements have increased competition in the machine tool market. Because all machine tool companies have limited resources, they must seek competitive advantages. Strategic collaborations have become...