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      How much efficiency gains and price reductions for an efficiency defense? 'Quanto Basta' 

      Fabrizi, Simona; Lippert, Steffen (University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)
      Potential efficiency gains due to a merger can be used by competition authorities to judge upon proposed mergers. In a world where agents’ efforts, observable or unobservable, affect the success of a production cost reducing ...
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      Moral Hazard and the Internal Organization of Joint Research 

      Fabrizi, Simona; Lippert, Steffen (University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-06)
      This paper analyzes the impact of agency problems on two entrepreneurs’ choice whether to carry out a stand-alone or a joint project. A joint project can be conducted by a single or both entrepreneurs’ research units, which ...