We address the problem faced by innovators who have an idea for a marketable product but must hire employees to bring the product to the market. However, newly hired employees learn the idea and may attempt to bring the product to the market themselves. We develop a bargaining model that...

We address the problem faced by innovators who have an idea for a marketable product butmust hire employees to bring the product to the market. Information leakage implies that newly hired employees become informed of the idea and may attempt to bring the product to the market themselves. We...

A model of group decision-making is studied, in which one of two alternatives must be chosen. While group members differ in their valuations of the alternatives, everybody prefers some alternative to disagreement. Our model is distinguished by three features: private information regarding...