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Does competition solve the hold-up problem?

In an environment in which both buyers and sellers can undertake match specific investments, the presence of market competition for matches may solve hold-up and coordination problems generated by the absence of complete contingent contracts. In particular, this paper shows that when matching is ass...

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Bibliographic Details
Authors and Corporations: Felli, Leonardo (Author), Roberts, Kevin W. S. (Author)
Other Authors: Roberts, Kevin W. S.
Type of Resource: E-Book
Language: English
M√ľnchen CESifo 2000
Series: CESifo GmbH: CESifo working papers ; 317
Source: Verbunddaten SWB
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