“…This stream of work focuses on various types of agency problems in an inter-organizational innovation context, such as moral hazard (Bhaskaran and Krishnan, 2009), adverse selection (Crama et al, 2016), and holdup problem (Bhattacharya et al, 2015). The innovation problem context is also modeled differently, varying on aspects such as intra-versus inter-organizational innovation (Bhaskaran and Krishnan, 2009;Chao et al, 2014), single versus multiple suppliers (Che and Gale, 2003;Wang and Shin, 2015), single versus multiple stages (Chao et al, 2014;Rahmani et al, 2016), the party with the decision right (buyer versus supplier) (Agrawal and Oraiopoulos, 2016), and the types of uncertainty considered (market versus project) (Savva and Scholtes, 2014). Finally, the literature also examines various types of contracts, such as revenue-sharing (Savva and Scholtes, 2014), renegotiation (Plambeck and Taylor, 2007), and milestone/delaying contracts (Bhattacharya et al, 2015).…”