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Endogenous Property Rights in a Hold up-Experiment
Erlei, Mathias; Siemer, Philipp - Institut für Wirtschaftswissenschaft, Technische … - 2004
In a hold-up experiment designed to test theoretical predictions following from Hart (1995) and deMeza/Lockwood (1998 … deviations from standard theory can be explained by positive reciprocal behavior. In this paper, we replicate the experiment by … experiment shows that the results by SOS crucially depend on the ownership structure being exogenously assigned by the …
Persistent link: https://www.econbiz.de/10005487433
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Contracting with Private Information
Hagedorn, Marcus - Institute for the Study of Labor (IZA) - 2003
This paper adds to the current literature on incomplete contracting that argues that deviating from a complete information, transaction-cost free environment may be may generate valuable insights. We achieve this by assuming bargaining with asymmetric information. We consider the consequences of...
Persistent link: https://www.econbiz.de/10005762029
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Fisher Body revisited: Supply contracts and vertical integration
Roider, Andreas - In: European Journal of Law and Economics 22 (2006) 2, pp. 181-196
Persistent link: https://www.econbiz.de/10005705247
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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - Institute for the Study of Labor (IZA) - 2004
The present paper aims to contribute to the literature on the foundations of incomplete contracts by providing conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We consider a hold-up framework where both parties profit from...
Persistent link: https://www.econbiz.de/10005566762
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T. K.; … - Banco de México - 2012
We study experimentally the protection of property in five widely distinct countries-Austria, Mexico, Mongolia, South Korea and the United States. Our main results are the correlations between experimental choices with indicators regarding the security of property, trust and the quality of...
Persistent link: https://www.econbiz.de/10010837050
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Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institut für Finanzwissenschaft, Fakultät für … - 2012
We study experimentally the protection of property in five widely distinct countries-Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly different...
Persistent link: https://www.econbiz.de/10010587707
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - CESifo - 2012
We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10010595381
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Institute for the Study of Labor (IZA) - 2012
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038
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Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries
Campos-Ortiz, Francisco; Putterman, Louis; Ahn, T.K.; … - Brown University, Department of Economics - 2012
We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011196578
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Vertical Integration as a Source of Hold-up
Allain, Marie-Laure; Rey, Patrick; Chambolle, Claire - Institut d'Économie Industrielle (IDEI), Toulouse … - 2014
While vertical integration is traditionally seen as a solution to the hold-up problem, this paper highlights instead that it can generate hold-up problems — for rivals. We first consider a successive duopoly where competition among suppliers eliminates any risk of hold-up; downstreamfirms thus...
Persistent link: https://www.econbiz.de/10010968928