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Contractibility and the Design of Research Agreements

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NBER2005-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11292
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We analyze how variations in contractibility affect the design of contracts in the context of biotechnology research agreements. A major concern of firms financing biotechnology research is that the R&D firms might use the funding to subsidize other projects or substitute one project for another. We
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2005-05-01
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