Hold-up, Asset Ownership, and Reference Points
收藏NBER2007-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13540
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We study two parties who desire a smooth trading relationship under conditions of value and cost uncertainty. A rigid contract fixing price works well in normal times since there is nothing to argue about. However, when value or cost is exceptional, one party will hold up the other, damaging the
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美国国家经济研究局创建时间：
2007-10-01
