Value coordinating roles in research
نویسندگان
چکیده
منابع مشابه
Coordinating research through research joint ventures
In a simple model, we show that a joint venture can implement the rates of investment that maximize joint profit when firms’ research abilities are private information. This can be done with budget balance, even though there are participation constraints. There is no conflict between budget balance and participation constraints because firms’ payoffs can depend on ex post signals of abilities. ...
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ژورنال
عنوان ژورنال: Nature
سال: 2017
ISSN: 0028-0836,1476-4687
DOI: 10.1038/546033b