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WebOn the one hand, as far as industry pro…ts were concerned, the higher the concentration the higher the incentives to invest in R&D. On the other hand, the sign of the e¤ect of concentration on the incentives of the upstream …rm to reduce the outside option was ambiguous and it depended on the magnitude of the investment. WebMany translated example sentences containing "share incentive plan" – French-English dictionary and search engine for French translations. WebHowever, it also reduces incentives for labor market participation. Accordingly, there is a trade-o⁄. We analyze how changes in the economic environment such as globalization and better educated workers a⁄ect this trade-o⁄. JEL Classi–cation: J65, D82, J41, E24 Keywords: Unemployment bene–ts, incentive contracts, Nash bargaining, chipotle austintown delivery