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Specific investments 1 cultural transmission 1 hold up 1 social preferences 1 testing technology 1
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Olcina, Gonzalo 1 Peñarrubia, Concepción 1
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Spanish Economic Review 1
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Testing, hold up and the dynamics of preferences
Olcina, Gonzalo; Peñarrubia, Concepción - In: Spanish Economic Review 7 (2005) 4, pp. 267-288
players face a hold up problem. One of the players, the firm, can use a testing technology which allows him to imperfectly …-regarding preferences are present in the population. Moreover, with a good testing technology, the steady state is characterized by the …
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