Competition with Nonexclusive Contracts: Tackling the Hold-Up Problem

In an environment in which a buyer and a seller make ex-ante investments, competition among sellers can solve the hold-up problem without the design of ex-ante contracts but, in the case of low levels of competition, this may lead to inefficient investments. This paper shows that a seller invests ef...

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Detalles Bibliográficos
Autor Principal: Roig, Guillem
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: De Gruyter 2020
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