Split it up to create incentives: Investment, public goods and crossing the river
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jet.2020.105092
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Yeon-Koo Che & József Sákovics, 2004.
"A Dynamic Theory of Holdup,"
Econometrica, Econometric Society, vol. 72(4), pages 1063-1103, July.
- Che,Y.-K. & Sakovics,J., 2001. "A dynamic theory of holdup," Working papers 25, Wisconsin Madison - Social Systems.
- Yeon-Koo Che & Jozsef Sakovics, 2001. "A Dynamic Theory of Holdup," Edinburgh School of Economics Discussion Paper Series 74, Edinburgh School of Economics, University of Edinburgh.
- Pitchford, Rohan & Snyder, Christopher M., 2004. "A solution to the hold-up problem involving gradual investment," Journal of Economic Theory, Elsevier, vol. 114(1), pages 88-103, January.
- Barlo, Mehmet & Dalkiran, Nuh Aygun, 2009. "Epsilon-Nash implementation," Economics Letters, Elsevier, vol. 102(1), pages 36-38, January.
- Mailath, George J. & Postlewaite, Andrew & Samuelson, Larry, 2005.
"Contemporaneous perfect epsilon-equilibria,"
Games and Economic Behavior, Elsevier, vol. 53(1), pages 126-140, October.
- Mailath,G.J. & Postlewaite,A. & Samuelson,L., 2002. "Contemporaneous perfect Epsilon-equilibria," Working papers 5, Wisconsin Madison - Social Systems.
- George Mailath & Andrew Postlewaite & Larry Samuelson, 2003. "Contemporaneous Perfect Epsilon-Equilibria," PIER Working Paper Archive 03-021, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Grossman, Sanford J & Hart, Oliver D, 1986.
"The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration,"
Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
- Oliver Hart & Sanford Grossman, 1985. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Working papers 372, Massachusetts Institute of Technology (MIT), Department of Economics.
- Grossman, Sanford J & Hart, Oliver, 1985. "The Cost and Benefits of Ownership: A Theory of Vertical and Lateral Integration," CEPR Discussion Papers 70, C.E.P.R. Discussion Papers.
- Grossman, Sanford J. & Hart, Oliver D., 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Scholarly Articles 3450060, Harvard University Department of Economics.
- Carl Shapiro, 1982. "Consumer Information, Product Quality, and Seller Reputation," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 20-35, Spring.
- Ben Lockwood & Jonathan P. Thomas, 2002.
"Gradualism and Irreversibility,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(2), pages 339-356.
- Lockwood, B. & Thomas, J.P., 1999. "Gradualism and Irreversibility," The Warwick Economics Research Paper Series (TWERPS) 525, University of Warwick, Department of Economics.
- Lockwood, Ben & Thomas, Jonathan P., 1999. "Gradualism and Irreversibility," Economic Research Papers 269301, University of Warwick - Department of Economics.
- Ben Lockwood & Jonathan P. Thomas, 1999. "Gradualism and Irreversibility," CSGR Working papers series 28/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
- Lockwood, B. & Thomas, J.P., 1999. "Gradualism and Irreversibility," The Warwick Economics Research Paper Series (TWERPS) 550, University of Warwick, Department of Economics.
- Lockwood, Ben & Thomas, Jonathan, 1999. "Gradualism And Irreversibility," Economic Research Papers 269245, University of Warwick - Department of Economics.
- Anat R. Admati & Motty Perry, 1991. "Joint Projects without Commitment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 259-276.
- Michael R. Baye & John Morgan, 2004.
"Price Dispersion in the Lab and on the Internet: Theory and Evidence,"
RAND Journal of Economics, The RAND Corporation, vol. 35(3), pages 448-466, Autumn.
- Michael R. Baye & John Morgan, 2004. "Price Dispersion in the Lab and on the Internet: Theory and Evidence," Working Papers 2004-02, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
- Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
- Radner, Roy, 1980. "Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives," Journal of Economic Theory, Elsevier, vol. 22(2), pages 136-154, April.
- Uwe Dulleck & Rudolf Kerschbamer & Matthias Sutter, 2011. "The Economics of Credence Goods: An Experiment on the Role of Liability, Verifiability, Reputation, and Competition," American Economic Review, American Economic Association, vol. 101(2), pages 526-555, April.
- Olivier Compte & Philippe Jehiel, 2004. "Gradualism in Bargaining and Contribution Games," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(4), pages 975-1000.
- Milgrom, Paul, 2010.
"Simplified mechanisms with an application to sponsored-search auctions,"
Games and Economic Behavior, Elsevier, vol. 70(1), pages 62-70, September.
- Paul Milgrom, 2008. "Simplified Mechanisms with an Application to Sponsored-Search Auctions," Discussion Papers 08-013, Stanford Institute for Economic Policy Research.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Martin, Simon & Schlag, Karl, 2017.
"Finite Horizon Holdup and How to Cross the River,"
VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking
168136, Verein für Socialpolitik / German Economic Association.
- Simon Martin & Karl H. Schlag, 2017. "Finite Horizon Holdup and How to Cross the River," Vienna Economics Papers 1706, University of Vienna, Department of Economics.
- Martin, Simon & Schlag, Karl, 2017.
"Finite Horizon Holdup and How to Cross the River,"
VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking
168136, Verein für Socialpolitik / German Economic Association.
- Simon Martin & Karl H. Schlag, 2017. "Finite Horizon Holdup and How to Cross the River," Vienna Economics Papers vie1706, University of Vienna, Department of Economics.
- Chantal Marlats, 2021. "Reputation effects in stochastic games with two long-lived players," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(1), pages 1-31, February.
- Sergei Guriev & Dmitriy Kvasov, 2005.
"Contracting on Time,"
American Economic Review, American Economic Association, vol. 95(5), pages 1369-1385, December.
- Sergei Guriev & Dmitriy Kvasov, 2005. "Contracting on Time," Working Papers w0059, Center for Economic and Financial Research (CEFIR).
- Sergei Guriev & Dmitriy Kvasov, 2005. "Contracting on Time," Working Papers w0059, New Economic School (NES).
- Sergei Guriev & Dmitriy Kvasov, 2005. "Contracting on Time," Post-Print hal-03459064, HAL.
- Wioletta Dziuda & Ronen Gradwohl, 2015.
"Achieving Cooperation under Privacy Concerns,"
American Economic Journal: Microeconomics, American Economic Association, vol. 7(3), pages 142-173, August.
- Wioletta Dziuda & Ronen Gradwohl, 2013. "Achieving Cooperation under Privacy Concerns," Discussion Papers 1572, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Steven A. Matthews, 2008. "Achievable Outcomes of Dynamic Contribution Games, Second Version," PIER Working Paper Archive 11-016, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, revised 20 Jun 2011.
- Hideshi Itoh & Hodaka Morita, 2015.
"Formal Contracts, Relational Contracts, and the Threat-Point Effect,"
American Economic Journal: Microeconomics, American Economic Association, vol. 7(3), pages 318-346, August.
- Hideshi Itoh & Hodaka Morita, 2011. "Formal Contracts, Relational Contracts, and the Threat-Point Effect," CESifo Working Paper Series 3533, CESifo.
- , A., 2013. "Achievable outcomes of dynamic contribution games," Theoretical Economics, Econometric Society, vol. 8(2), May.
- Ryota Iijima & Akitada Kasahara, 2016. "Gradual Adjustment and Equilibrium Uniqueness under Noisy Monitoring," ISER Discussion Paper 0965, Institute of Social and Economic Research, Osaka University.
- Matros, Alexander & Smirnov, Vladimir, 2016.
"Duplicative search,"
Games and Economic Behavior, Elsevier, vol. 99(C), pages 1-22.
- Matros, Alexander & Smirnov, Vladimir, 2016. "Duplicative Search," Working Papers 2016-02, University of Sydney, School of Economics.
- Aghamolla, Cyrus & Hashimoto, Tadashi, 2020. "Information arrival, delay, and clustering in financial markets with dynamic freeriding," Journal of Financial Economics, Elsevier, vol. 138(1), pages 27-52.
- Shingo Ishiguro, 2010.
"Holdup, search, and inefficiency,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(2), pages 307-338, August.
- Shingo Ishiguro, 2007. "Holdup, Search and Inefficiency," Discussion Papers in Economics and Business 07-13, Osaka University, Graduate School of Economics.
- Smirnov, Vladimir & Wait, Andrew, 2004.
"Timing of investments, holdup and total welfare,"
International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 413-425, March.
- Smirnov, V. & Wait, A., 2001. "Timing of Investments, Hold-up and Total Welfare," Department of Economics - Working Papers Series 808, The University of Melbourne.
- Johannes Hörner & Andrzej Skrzypacz, 2016.
"Selling Information,"
Journal of Political Economy, University of Chicago Press, vol. 124(6), pages 1515-1562.
- Johannes Horner & Andrzej Skrzypacz, 2009. "Selling Information," Cowles Foundation Discussion Papers 1743R, Cowles Foundation for Research in Economics, Yale University, revised Jun 2011.
- Johannes Horner & Andrzej Skrzypacz, 2013. "Selling Information," Levine's Working Paper Archive 786969000000000680, David K. Levine.
- Johannes Horner & Andrzej Skrzypacz, 2009. "Selling Information," Cowles Foundation Discussion Papers 1743R2, Cowles Foundation for Research in Economics, Yale University, revised Nov 2012.
- Johannes Horner & Andrzej Skrzypacz, 2009. "Selling Information," Cowles Foundation Discussion Papers 1743, Cowles Foundation for Research in Economics, Yale University, revised Aug 2010.
- Castaneda, Marco A., 2006. "The hold-up problem in a repeated relationship," International Journal of Industrial Organization, Elsevier, vol. 24(5), pages 953-970, September.
- Vladimir Smirnov & Andrew Wait, 2004.
"Hold-up and Sequential Specific Investments,"
RAND Journal of Economics, The RAND Corporation, vol. 35(2), pages 386-400, Summer.
- Smirnov, V. & Wait, A., 2001. "Hold-up and Sequential Specific Investments," Department of Economics - Working Papers Series 807, The University of Melbourne.
- Steven A. Matthews, 2006. "Smooth Monotone Contribution Games," PIER Working Paper Archive 06-018, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Yeon-Koo Che & József Sákovics, 2004.
"A Dynamic Theory of Holdup,"
Econometrica, Econometric Society, vol. 72(4), pages 1063-1103, July.
- Che,Y.-K. & Sakovics,J., 2001. "A dynamic theory of holdup," Working papers 25, Wisconsin Madison - Social Systems.
- Yeon-Koo Che & Jozsef Sakovics, 2001. "A Dynamic Theory of Holdup," Edinburgh School of Economics Discussion Paper Series 74, Edinburgh School of Economics, University of Edinburgh.
- Levy, Gilat & Razin, Ronny, 2013. "Dynamic legislative decision making when interest groups control the agenda," Journal of Economic Theory, Elsevier, vol. 148(5), pages 1862-1890.
- Swinnen, Johan F.M. & Vercammen, James, 2006. "Uncertainty and Specific Investment with Weak Contract Enforcement," 2006 Annual meeting, July 23-26, Long Beach, CA 21044, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
More about this item
Keywords
Hold-up problem; ε-subgame perfect equilibrium; Finite horizon; Enforcement without contracts; Gradualism;All these keywords.
JEL classification:
- D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jetheo:v:189:y:2020:i:c:s0022053120300867. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622869 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.