Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5062035 | Economics Letters | 2008 | 4 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Patrick W. Schmitz,