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Overinvestment in General Capital Provokes Underinvestment in Specific Capital

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  • Otani, Kiyoshi

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  • Otani, Kiyoshi, 1998. "Overinvestment in General Capital Provokes Underinvestment in Specific Capital," Economic Review, Hitotsubashi University, vol. 49(2), pages 121-133, April.
    • Handle: RePEc:hit:ecorev:v:49:y:1998:i:2:p:121-133
    DOI: 10.15057/21963
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    References listed on IDEAS

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    1. Fudenberg, Drew & Holmstrom, Bengt & Milgrom, Paul, 1990. "Short-term contracts and long-term agency relationships," Journal of Economic Theory, Elsevier, vol. 51(1), pages 1-31, June.
    2. Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994. "Renegotiation Design with Unverifiable Information," Econometrica, Econometric Society, vol. 62(2), pages 257-282, March.
    3. Crawford, Vincent P, 1988. "Long-term Relationships Governed by Short-term Contracts," American Economic Review, American Economic Association, vol. 78(3), pages 485-499, June.
    4. David Donaldson & B. Curtis Eaton, 1976. "Firm-Specific Human Capital: A Shared Investment or Optimal Entrapment?," Canadian Journal of Economics, Canadian Economics Association, vol. 9(3), pages 462-472, August.
    5. Farrell, Joseph & Shapiro, Carl, 1989. "Optimal Contracts with Lock-In," American Economic Review, American Economic Association, vol. 79(1), pages 51-68, March.
    6. Walter Y. Oi, 1962. "Labor as a Quasi-Fixed Factor," Journal of Political Economy, University of Chicago Press, vol. 70(6), pages 538-538.
    7. Hart, Oliver D & Moore, John, 1988. "Incomplete Contracts and Renegotiation," Econometrica, Econometric Society, vol. 56(4), pages 755-785, July.
    8. Dow, Gregory K., 1985. "Internal bargaining and strategic innovation in the theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 6(3), pages 301-320, September.
    9. Klein, Benjamin & Crawford, Robert G & Alchian, Armen A, 1978. "Vertical Integration, Appropriable Rents, and the Competitive Contracting Process," Journal of Law and Economics, University of Chicago Press, vol. 21(2), pages 297-326, October.
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