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In the hold-up problem incomplete contracts cause the proceeds of relation-specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10010371083
In the hold-up problem incomplete contracts cause the proceeds of relation specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10002812571
group in comparison to fully decentralized negotiations, particularly if the objectives of the members of the coalition …
Persistent link: https://www.econbiz.de/10012053740
fully decentralized negotiations, particularly if the objectives of the members of the coalition group are not always …
Persistent link: https://www.econbiz.de/10010338972
Persistent link: https://www.econbiz.de/10010194495
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group in comparison to fully decentralized negotiations, particularly if the objectives of the members of the coalition …
Persistent link: https://www.econbiz.de/10009724695
group in comparison to fully decentralized negotiations, particularly if the objectives of the members of the coalition …
Persistent link: https://www.econbiz.de/10009691706