Publisher's Synopsis
Excerpt from Benefits of Narrow Business Strategies
Given that B makes the effort, there are three possible equilibrium outcomes that can emerge from the contract that the firm offers A. In the first, A chooses to exert effort and, if he is successful, the firm implements his innovation regardless of what B does. In the second, A exerts effort but the firm only implements his innovation if B fails to generate a useful innovation for a. In the third, A does not exert effort at all.
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