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Strategic Mismatches in Sequential Contracting: The Case of Professional Partnerships

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Author Info
Kräkel, Matthias

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Abstract

Mismatches typically arise because of information problems in markets. This paper discusses the possibility of mismatching in partnerships focussing on strategic mismatches that cannot be explained by information problems. It is shown that due to market competition sometimes players can profit from voluntary mismatching.

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Publisher Info
Paper provided by University of Bonn, Germany in its series Discussion Paper Serie A with number 604.

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Length: pages
Date of creation: Jul 1999
Date of revision:
Handle: RePEc:bon:bonsfa:604

Contact details of provider:
Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
Fax: +49 228 73 9221
Web page: http://www.bgse.uni-bonn.de/index.php?id=517

For technical questions regarding this item, or to correct its listing, contact: (Daniel Park).

Related research
Keywords: economies of scope; free-rider effect; loser's curse; mismatch; partnership;

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

Statistics
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This page was last updated on 2009-10-18.


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