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This paper applies the theory of relational contracts to make precise the idea that because households are engaged in a …
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importance of antitrust issues as an addition to the theory. -- R&D ; endogenous coalitions ; asymmetric firms …
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We study ex post outsourcing of production in an imperfectly discriminating contest, interpreted here as a research tournament or a procurement contest for being awarded some production contract. We find that the possibility of outsourcing increases competition between the contestants, leading...
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