Destructing the hold-up
In an example of hold-up, giving the investing party the ability to destroy his relationship-specific investment can accommodate equilibria without under-investment. It suggests that destruction can be a possible incentive device in enhancing efficiency in bilateral relationships with hold-up.
Year of publication: |
2011
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Authors: | Ng, Travis |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 111.2011, 3, p. 247-248
|
Publisher: |
Elsevier |
Subject: | Destruction Bilateral relationship Hold-up |
Saved in:
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