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Der Effekt von Nachverhandlungen auf Investitionen mit Eigen- und Fremdwirkung

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  • Schmitz, Patrick W.

Abstract

This paper discusses the literature that explores the effects of anticipated renegotiations on investment incentives. The results depend upon whether or not a party’s investment has a direct externality on another party’s payoff.

Suggested Citation

  • Schmitz, Patrick W., 2000. "Der Effekt von Nachverhandlungen auf Investitionen mit Eigen- und Fremdwirkung," MPRA Paper 6945, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6945
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    File URL: https://mpra.ub.uni-muenchen.de/6945/1/MPRA_paper_6945.pdf
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    References listed on IDEAS

    as
    1. Nöldeke, Georg & Schmidt, Klaus M., 1995. "Option contracts and renegotiation," Munich Reprints in Economics 19329, University of Munich, Department of Economics.
    2. Eric Maskin & John Moore, 1999. "Implementation and Renegotiation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 39-56.
    3. Edlin, Aaron S & Reichelstein, Stefan, 1996. "Holdups, Standard Breach Remedies, and Optimal Investment," American Economic Review, American Economic Association, vol. 86(3), pages 478-501, June.
    4. Eric Maskin & Jean Tirole, 1999. "Unforeseen Contingencies and Incomplete Contracts," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 66(1), pages 83-114.
    5. Georg Noldeke & Klaus M. Schmidt, 1995. "Option Contracts and Renegotiation: A Solution to the Hold-Up Problem," RAND Journal of Economics, The RAND Corporation, vol. 26(2), pages 163-179, Summer.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law

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