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- W2098785588 abstract "This thesis deals with issues of cooperation in industrial organization. In Chapter 1, I show that networks help enforce cooperation that could not be sustained if agents had no access to other network members' sanctioning power and information. Conditions for information transmission about past actions in the network are identified. Chapters 2 and 3 analyze the impact of agency problems on entrepreneurs’ decision to form an RJV or a merger, respectively. Chapter 2 shows that moral hazard introduces a bias towards stand-alone R&D. Chapter 3 shows that it decreases the number of mergers with high levels of possible cost reductions whereas it increases the number of those with low levels of possible cost reductions and that it increases the precision of proxies in an efficiency defence. Chapter 4 examines the effect of in-house due diligence on the formation of RJVs and the incentives to innovate. I show that owners distort the incentive contracts of their agents to exert an effort in innovative activities in order to induce them to reveal information about the best organizational form to do R&D." @default.
- W2098785588 created "2016-06-24" @default.
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- W2098785588 date "2005-01-01" @default.
- W2098785588 modified "2023-09-27" @default.
- W2098785588 title "Essays in industrial organization" @default.
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