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The holdup game

In: The Elgar Companion to Ronald H. Coase

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  • Richard R.W. Brooks

Abstract

Ronald H. Coase was one of the most innovative and provocative economists of the twentieth century. Besides his best known papers on ‘The Nature of the Firm’ and ‘The Problem of Social Cost’, he had a major role in the development of the field of law and economics, and made numerous influential contributions to topics including public utilities, regulation and the functioning of markets. In this comprehensive Companion, 31 leading economists, social scientists and legal scholars assess the impact of his work with particular reference to the research programs initiated, the influence on policymakers, and the challenge to conventional perspectives.

Suggested Citation

  • Richard R.W. Brooks, 2016. "The holdup game," Chapters, in: Claude Ménard & Elodie Bertrand (ed.), The Elgar Companion to Ronald H. Coase, chapter 10, pages 131-147, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15461_10
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    References listed on IDEAS

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    1. Klein, Benjamin, 1984. "Contract Costs and Administered Prices: An Economic Theory of Rigid Wages," American Economic Review, American Economic Association, vol. 74(2), pages 332-338, May.
    2. Schmitz, Patrick W, 2001. "The Hold-up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory," Bulletin of Economic Research, Wiley Blackwell, vol. 53(1), pages 1-17, January.
    3. Freeland, Robert F, 2000. "Creating Holdup through Vertical Integration: Fisher Body Revisited," Journal of Law and Economics, University of Chicago Press, vol. 43(1), pages 33-66, April.
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