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 inve...

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Detalles Bibliográficos
Autor Principal: Roig G.
Formato: Artículo (Article)
Lenguaje:Inglés (English)
Publicado: De Gruyter 2020
Materias:
Acceso en línea:https://repository.urosario.edu.co/handle/10336/23456
https://doi.org/10.1515/bejte-2018-0190