Title: Incomplete Contracts, the Hold-Up Problem and Asymmetric Information
Abstract: Given symmetric information, in a standard hold-up problem a buyer's investment incentives are always increasing in his bargaining power. While this result is robust under one-sided private information, it can be overturned under two-sided private information.
Publication Year: 2007
Publication Date: 2007-06-01
Language: en
Type: preprint
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot