Withholding of Information as an Endogenous Entry Barrier
In this paper, we analyze the withholding of information from an agent by a principal for fear that the agent may set up his own business if he is informed. We focus on two points when studying this question: the power of the principal to control the information available to the agent, and the possibility that the agent may set up a new firm if he receives private information.
Volume (Year): (2000)
Issue (Month): 58 ()
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