In case of a conflict of interest between principals and agents, laboratory experiments have demonstrated the existence of a "control premium", i.e. a willingness to accept lower expected payoffs for keeping control. We analyze delegation decisions in a pure moral hazard setting without...

This paper analyzes North-South technology transfers in a model of oligopolistic competition. Two firms in the North supply a high-tech good and a technically related low-tech good. They decide about licensing the low-tech good to low-cost suppliers in the South. With the license Southern firms...

This paper analyzes North-South technology transfers in a model of oligopolistic competition and spatial product differentiation. Two firms in the North supply a high-tech good and a technically related low-tech good. They decide about licensing the low-tech good to suppliers in the South. With...