Crying Over Spilt Milk: Sunk Costs, Fairness Norms and the Hold-Up Problem
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- Jeffrey P. Carpenter & Peter Hans Matthews, 2013. "Crying Over Spilt Milk: Sunk Costs, Fairness Norms and the Hold-up Problem," Studies in Microeconomics, , vol. 1(2), pages 113-129, December.
References listed on IDEAS
- Kaufmann, Daniel & Kraay, Aart & Zoido-Lobaton, Pablo, 1999. "Governance matters," Policy Research Working Paper Series 2196, The World Bank.
- Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 1998. "Regulatory Discretion and the Unofficial Economy," American Economic Review, American Economic Association, vol. 88(2), pages 387-392, May.
- Friedman, Eric & Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 2000. "Dodging the grabbing hand: the determinants of unofficial activity in 69 countries," Journal of Public Economics, Elsevier, vol. 76(3), pages 459-493, June.
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Keywordssunk costs; norms; fairness; trust; hold-up problem; human capital;
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
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