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We use experimental methods to investigate whether pledges of commitment can improve cooperation in endogenously … findings show that pledges of commitment alone can increase cooperation and welfare in committed partnerships. The introduction … partnerships fall solely on the individual choosing to break up, pledges of commitment fail to improve cooperation and welfare. …
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We develop a model of R&D collaboration in which individual firms carry out in-house research on core activities and undertake bilateral joint projects on non-core activities with other firms. We develop conditions on the profit functions of the firm under which R&D investments in different...
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