Fabel, Oliver; Demougin, Dominique - Fachbereich Wirtschaftswissenschaften, Universität Konstanz - 2004
-constrained professional is compensated by receiving a share of one half in the new venture. With continuous search activities of the … innovator's shares reflect the relative value of search. However, the consultant's optimal search effort is inefficiently low …. With binary search and only two innovator types , there may also exist bipartite partnerships of equals between the …