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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 non-technical 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.

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File URL: http://mpra.ub.uni-muenchen.de/12562/2/MPRA_paper_12562.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12562.

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Date of creation: 2001
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Handle: RePEc:pra:mprapa:12562
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  4. Rosenkranz, Stephanie & Schmitz, Patrick W, 2001. "Optimal Allocation of Ownership Rights in Dynamic R&D Alliances," CEPR Discussion Papers 2698, C.E.P.R. Discussion Papers.
  5. Hoppe, Eva I. & Schmitz, Patrick W., 2010. "Public versus private ownership: Quantity contracts and the allocation of investment tasks," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 258-268, April.
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  7. Aghion, P. & Dewatripont, M. & Rey, P., 1990. "On renegotiation design," European Economic Review, Elsevier, vol. 34(2-3), pages 322-329, May.
  8. Schmitz, Patrick W, 2005. "Information Gathering, Transaction Costs and the Property Rights Approach," CEPR Discussion Papers 5417, C.E.P.R. Discussion Papers.
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  55. Schmitz, Patrick W., 2002. "Simple contracts, renegotiation under asymmetric information, and the hold-up problem," European Economic Review, Elsevier, vol. 46(1), pages 169-188, January.
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