Der Effekt von Nachverhandlungen auf Investitionen mit Eigen- und Fremdwirkung
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.
|Date of creation:||2000|
|Date of revision:|
|Publication status:||Published in Wirtschaftswissenschaftliches Studium 6.29(2000): pp. 328-330|
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Web page: http://mpra.ub.uni-muenchen.de
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- Georg Noldeke & Klaus M. Schmidt, 1995.
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- Nöldeke, Georg & Schmidt, Klaus M., 1995. "Option contracts and renegotiation: A solution to the Hold-Up Problem," Munich Reprints in Economics 19329, University of Munich, Department of Economics.
- Eric Maskin & John Moore, 1998.
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LSE Research Online Documents on Economics
19350, London School of Economics and Political Science, LSE Library.
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NBER Working Papers
5007, National Bureau of Economic Research, Inc.
- 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.
- Maskin, Eric & Tirole, Jean, 1999. "Unforeseen Contingencies and Incomplete Contracts," Review of Economic Studies, Wiley Blackwell, vol. 66(1), pages 83-114, January.
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