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In this article we study the relation between the quality of contract enforcement and R&D investment across countries … theoretical idea we find in the empirical analysis that R&D investment increases with the quality of the judicial system. This …
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competition, investment and welfare crucially depend on the fine details of implementation. For instance, in the case of joint … ventures, it matters how investment costs are shared and how internal and external access prices are determined. In the case of … market developments ex-post and whether contracts are signed before or after the investment takes place. Generally, many of …
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, contributors and administrators establish a stable interaction with cooperation matching the level from a comparable Public Goods … that cooperation breeds trustworthiness and vice versa and that one-time disruptions are particularly damaging in settings …
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contribution mechanisms to foster human cooperation in heterogeneous populations. Our model predicts that a sequential mechanism …
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