type="main" <p>This paper analyzes the effects on incentives to invest in the development of complementary innovations within research and development (R&D) collaborations of two alternative appropriability regimes: an “openness regime” whereby parties make an <fr>ex ante</fr> commitment to reciprocal...</p>

In this paper we claim that enhanced economic integration can call for an increase in redistribution among workers. When individuals are risk averse and no human capital insurance is available, the share of workers who choose to invest in "specific" human capital will be inefficiently low....