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  • Andres Almazan, Javier Suarez, and Sheridan Titman, Entrepreneurship: Strategy and Structure (Journal of Economics and Management Strategy 18(3), Fall 2009, 2007), chap. 8, https://www.nber.org/books-and-chapters/entrepreneurship-strategy-and-structure/firms-stakeholders-and-costs-transparency.

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We develop a model of a firm whose production process requires it to start and nurture a relationship with its...

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