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Der Lock in Effekt und das Hold up Problem

Author

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  • Ewerhart, Christian
  • Schmitz, Patrick W.

Abstract

In this paper we discuss "lock in effects" and "hold-up problems" (which occur when relationship-specific investments are sunk).

Suggested Citation

  • Ewerhart, Christian & Schmitz, Patrick W., 1997. "Der Lock in Effekt und das Hold up Problem," MPRA Paper 6944, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6944
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    File URL: https://mpra.ub.uni-muenchen.de/6944/1/MPRA_paper_6944.pdf
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    References listed on IDEAS

    as
    1. Hart, Oliver D & Moore, John, 1988. "Incomplete Contracts and Renegotiation," Econometrica, Econometric Society, vol. 56(4), pages 755-785, July.
    2. William P. Rogerson, 1992. "Contractual Solutions to the Hold-Up Problem," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 777-793.
    3. Joskow, Paul L, 1985. "Vertical Integration and Long-term Contracts: The Case of Coal-burning Electric Generating Plants," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 1(1), pages 33-80, Spring.
    4. 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.
    5. Aghion, Philippe & Dewatripont, Mathias & Rey, Patrick, 1994. "Renegotiation Design with Unverifiable Information," Econometrica, Econometric Society, vol. 62(2), pages 257-282, March.
    6. Tirole, Jean, 1986. "Procurement and Renegotiation," Journal of Political Economy, University of Chicago Press, vol. 94(2), pages 235-259, April.
    7. Grout, Paul A, 1984. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach," Econometrica, Econometric Society, vol. 52(2), pages 449-460, March.
    8. Ewerhart, Christian & Schmitz, Patrick W., 1996. "Die theoretische Fundierung unvollständiger Verträge," MPRA Paper 6947, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Sonja Macke & Karin Holm-Müller, 2012. "Market-oriented Nature Conservation in the Context of Impact Regulation – A new Institutional Economics Perspective," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(04), pages 41-49, February.
    2. Stölzle, Wolfgang, 1999. "Industrial relationships," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 13655, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    3. Spandau, Johannes, 2011. "Interne Prozessoptimierung und Auslagerung in der genossenschaftlichen FinanzGruppe: Erste Ergebnisse einer empirischen Erhebung," Arbeitspapiere 118, University of Münster, Institute for Cooperatives.
    4. Walterscheid, Heike, 2015. "Eigentumsformen und die Leistungsfähigkeit marktwirtschaftlicher Koordination," Beiträge zur Jahrestagung 2015 (Bayreuth) 140888, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
    5. Sonja Macke & Karin Holm-Müller, 2012. "Market-oriented Nature Conservation in the Context of Impact Regulation – A new Institutional Economics Perspective," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(4), pages 41-49, 02.
    6. repec:ces:ifodic:v:9:y:2012:i:4:p:17566069 is not listed on IDEAS

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    More about this item

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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