Ownership Matters: Empowering the Weak Boosts Collaboration and Productivity
The article explores how businesses decide to work together after investing in something that can't be easily written into a contract. Instead of the typical way of bargaining (Nash model), the authors considered a more general approach. They found that it might not always be best for both parties to share ownership – sometimes giving it to the less productive party can be okay if they have less say later on. This challenges the usual idea that joint ownership is the way to go.