The Model studies information sharing and the stability of cooperation in cost Research Joint Ventures (RJVs).

This paper proposes an explanation of why efficient reforms are not carried out when losers have the power to plock their implementation.

In the last decade, the potential macroeconomic effects of intermittent large adjustments in microeconomic variables such as prices, investment, consumption of durables or employment- a behaviour which may be justified by the presence of kinked adjustment costs- have been studied in models where...

This survey presents within a single model three theories of decentralization of decision-making within organizations based on private information and incentives.