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:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- K11 - Law and Economics - - Basic Areas of Law - - - Property Law
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Incomplete Contracts and Renegotiation,"
CEPR Discussion Papers
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- Asami, Yasushi & Teraki, Akihiro, 1991. "On sequential negotiation procedures : Optimal negotiation orders and land prices," Regional Science and Urban Economics, Elsevier, vol. 20(4), pages 537-556, February.
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