Incomplete contracts, the hold-up problem, and asymmetric information

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 1
Pages: 119-122

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Given symmetric information, in a standard hold-up problem a buyer's investment incentives are always increasing in his bargaining power. While this result is robust under one-sided private information, it can be overturned under two-sided private information.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:1:p:119-122
Journal Field
General
Author Count
1
Added to Database
2026-01-29