Holdups and holdouts: What do they have in common?
AbstractThe holdup and holdout problems arise in different contexts, but they share certain fundamental similarities that have not generally been recognized. This paper characterizes the commonalties between the two problems and their remedies.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 117 (2012)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Holdup problem; Holdout problem; Non-salvageable investments; Eminent domain;
Find related papers by JEL classification:
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- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
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"Incomplete Contracts and Renegotiation,"
367, Massachusetts Institute of Technology (MIT), Department of Economics.
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