PCPNE analysis Sample Clauses

PCPNE analysis. The participation stage may produce several coalitional structures depending on the values of the 10 These details of our basic model are widely used in the environmental economics literature which examines transboundary pollution issues (see, e.g., Xxxxxxxxxxx and Xxxxxxxxxxx (2006), Xxxxxx and Xxxxx (2007), Xxxxx and Xxxxxxxxx (2010), Xxxxx and Xxx (2009)). 11 In this paper, the attrition rate is exogenous. Motivated by the discussion in Goyal (2007, pp. 259-261), we believe that an interesting avenue for future work is to consider an asymmetric information model (see, e.g., Xxxxxx and Xxxxx (2000, 2002) and Xxxxxx and Xxxxx (2000)) in which the attrition rate is endogenous. In this richer setting, high attrition rates in the steady state may result from free rider problems in the research teams.
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