Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072480 | Games and Economic Behavior | 2009 | 29 Pages |
Abstract
We explore, theoretically and experimentally, the impact this latter form of right of first refusal can have on the outcome of negotiation. Counterintuitively, this “right” of first refusal can be disadvantageous to its holder. This suggests that applied contract design may benefit from the same kind of attention to detail that has begun to be given to practical market design.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Brit Grosskopf, Alvin E. Roth,