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Table 5 Estimated effect of exit rights on sustained discount rate for testing Hypothesis 1

From: Self-enforcing agreement in cooperative teams: an agent-based modeling approach

Distribution

Normal

Poisson

Exponential

Estimate of β

−0.2216*** (−93.37)

−0.3888*** (−34.15)

−0.3878** (−48.05)

  1. *, ** and *** denote significance at the level of 10 %, 5 % and 1 %, respectively