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The Hold-up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory

  • Schmitz, Patrick W

This article provides a nontechnical survey on recent topics in the theory of contracts. The hold-up problem is presented and the incomplete contracts approach is discussed. Emphasis is put on conceptual problems and open questions that await further research. Copyright 2001 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

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Article provided by Wiley Blackwell in its journal Bulletin of Economic Research.

Volume (Year): 53 (2001)
Issue (Month): 1 (January)
Pages: 1-17

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Handle: RePEc:bla:buecrs:v:53:y:2001:i:1:p:1-17
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  53. Patrick W. Schmitz, 2006. "Information Gathering, Transaction Costs, and the Property Rights Approach," American Economic Review, American Economic Association, vol. 96(1), pages 422-434, March.
  54. Richard E. Romano, 1994. "Double Moral Hazard and Resale Price Maintenance," RAND Journal of Economics, The RAND Corporation, vol. 25(3), pages 455-466, Autumn.
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