Showing 1 - 10 of 127
Persistent link: https://www.econbiz.de/10001533296
We develop an incomplete contract model to analyze the enlargement strategy of a club. An applicant is characterized by his wealth and the degree of conformity with the club standard. The club gains only from a fully reformed new member, but reform is costly. The club chooses between early...
Persistent link: https://www.econbiz.de/10014142676
Persistent link: https://www.econbiz.de/10013423211
Persistent link: https://www.econbiz.de/10001464667
Persistent link: https://www.econbiz.de/10000976648
Persistent link: https://www.econbiz.de/10000979070
Persistent link: https://www.econbiz.de/10000991640
Persistent link: https://www.econbiz.de/10000991710
Persistent link: https://www.econbiz.de/10001298973
Persistent link: https://www.econbiz.de/10001187773