A Rent Extraction Theory of Right of First Refusal

When a seller gives a buyer a right of first refusal, although it reduces the competing buyers' profits and creates an inefficiency, it always increases the joint profit of the seller and the right holder. Right of first refusal with a consideration (e.g., a payment from the right holder to the seller) allows the seller and the right holder to extract more surplus from the competing buyers

MoreLess

Year of publication:	2004-08-11
Authors:	Choi, Albert
Institutions:	Econometric Society
Subject:	Right of first refusal \| bargaining \| auctions

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Econometric Society 2004 Far Eastern Meetings.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Econometric Society Far Eastern Meetings 2004 Number 759
Classification:	D44 - Auctions ; K12 - Contract Law ; K22 - Corporation and Securities Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005342352