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Clustering and lack of sufficient diversification in research strategies has been identified as an important problem for delegated research as it takes place in design contests by Erat and Krishnan (2012). We show that this problem can be solved by local competition (such as bribery, lobbying or...
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. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment …. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest …. The results are applied to autocrats' investment behavior and job specific investment in organizations. …
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Countries compete for new FDI investment, whereas stocks of FDI generate agglomeration benefits and are potentially …
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