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Suppliers play a major role in downstream firms' innovation processes. We analyze ownership allocations and the choice of technology in vertical research and development (R&D) cooperations. Given that R&D outcomes are not contractible, there is a trade-off between R&D specifically designed...
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heterogeneous wage contract between regular and temporary workers on a macroeconomic volatility in a financially fragile economy … while the lower share of the regular workers weakens their Nash bargaining power in the contract process. …
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