Incomplete contracts and allocation of residual claim along the global value chains: evidence from Japan
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DOI: 10.1080/13504851.2019.1659924
Abstract: ABSTRACT The seminal work by Antràs and Chor in 2013 predicted that, under incomplete-contracting environments, the optimal allocation of residual claim for firms participating in global production depends on the relative position at which the… read more here.
Keywords: value; evidence; allocation residual; incomplete contracts ... See more keywords