Holdups, Standard Breach Remedies, and Optimal Investment
收藏NBER1995-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5007
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资源简介：
We consider a bilateral trading problem in which one or both parties makes relationship-specific investments before trade. Without adequate contractual protection, the prospect of later holdups discourages investment. We postulate that the parties can sign noncontingent contracts prior to investing,
提供机构：
美国国家经济研究局
创建时间：
1995-02-01
