Che, Yeon-Koo; Sákovics, József - In: Econometrica 72 (2004) 4, pp. 1063-1103
The holdup problem arises when parties negotiate to divide the surplus generated by their relationship specific investments. We study this problem in a dynamic model of bargaining and investment which, unlike the stylized static model, allows the parties to continue to invest until they agree on...
