Morita, Hodaka; Servátka, Maroš - Department of Economics and Finance, College of … - 2011
essay by Coase (1937). This paper studies a previously unexplored mechanism through which integration could resolve the hold … degree of altruism towards another team member, and this in turn helps resolving the hold-up problem. We test this conjecture … in a laboratory experiment. Our subjects are randomly divided into two teams and given their respective team uniforms to …