Firm-Social Planner Collaboration Boosts Industry Output and Employment Opportunities!
The article explores how firms and social planners can work together to reduce manufacturing costs, benefiting both parties. By analyzing different scenarios, the researchers found that collaboration can lead to higher payoffs when both players have low cost reduction effectiveness. However, if one player is highly effective, it's better for only one to make the effort. Overall, working together always results in a win-win situation.