Competition and the hold?up problem: a setting with non?exclusive contracts
This article o?ers a solution to the “hold-up” problem in a bilateral investment game. Without the existence of a centralized grand-contract, a buyer signs non-exclusive contracts with many sellers, and the equilibrium investment profile depends on the level of competition in the trading outcome. I...
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| Formato: | Preimpresión (Preprint) |
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Toulouse School of Economics
2014
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| Acceso en línea: | https://repository.urosario.edu.co/handle/10336/29850 |