Partnership with Partial Commitment
نویسنده
چکیده
This paper derives the Nash-equilibrium degrees of commitment to a partnership where lack of full commitment fuels suspicion and increases potential losses for partners. JEL classification: C72, D01, D80 Corresponding Author: Amnon Levy, Economics Discipline, School of Economics and Information Systems, University of Wollongong, Wollongong, NSW 2522, Australia. Tel: 61-2-42213658 Fax: 61-2-42213725 E-mail: [email protected]
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