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Persistent link: https://www.econbiz.de/10005795268
Several recent articles have shown that the efficient outcome for bilateral trade, even in the face of specific investments and incomplete contracting, can be supported with approximately-designed contracts. These studies have, for the most part, restricted attention to specific investments that...
Persistent link: https://www.econbiz.de/10005795276
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In this paper we obtain bounds under weaker nonparametric assumptions and explore how the bounds with assumptions imposed.
Persistent link: https://www.econbiz.de/10005200440