The Dynamics of Multi-Project Collaborations

44 Pages Posted: 15 Apr 2024

See all articles by Charles Angelucci

Charles Angelucci

MIT Sloan

Roi Orzach

Massachusetts Institute of Technology (MIT)

Date Written: March 19, 2024

Abstract

We model multi-project collaborative dynamics with self-enforcing incentives. Two players collaborate across several domains, each offering infinitely many ex-ante identical projects. Every period, they jointly explore or exploit projects in each domain and make transfers. After exploring a project, players learn its benefits, which are asymmetrically distributed. We show that common features of collaborations such as gradualism, lengthy exploration, the postponement of project exploitation, the engagement in temporary project exploitation, or the return to previously abandoned projects occur in equilibrium.

Keywords: Collective Experimentation, Relationship Building, Gradualism

JEL Classification: D21, D70, D83, L25

Suggested Citation

Angelucci, Charles and Orzach, Roi, The Dynamics of Multi-Project Collaborations (March 19, 2024). Available at SSRN: https://ssrn.com/abstract=4765066 or http://dx.doi.org/10.2139/ssrn.4765066

Charles Angelucci (Contact Author)

MIT Sloan ( email )

100 Main Street
Cambridge, MA 02142
United States

Roi Orzach

Massachusetts Institute of Technology (MIT) ( email )

77 Massachusetts Avenue
50 Memorial Drive
Cambridge, MA 02139-4307
United States

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