\textit{Ex ante} investment, \textit{ex post} adaptation, and joint ownership

DOI10.1016/J.ECONLET.2019.108927MaRDI QIDQ2295368zbMATH OpenOpenAlexWikidataFDO

Authors Yusuke Mori

Publication date 13 February 2020

Published in Economics Letters (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.econlet.2019.108927

zbMATH Keywords

hold-up problemincomplete contracts\textit{ex post} adaptationasset ownership

Mathematics Subject Classification ID

Contract theory (moral hazard, adverse selection) (91B41)

Recommendations

• Joint ownership and the hold-up problem under asymmetric information
• Investment spillovers and the allocation of property rights
• Investments in physical capital, relationship-specificity, and the property rights approach
• Incomplete contracts, limited liability, and the optimality of joint ownership
• Moral hazard and the property rights approach to the theory of the firm

Cites work

• Asymmetric information and the property rights approach to the theory of the firm
• Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm
• Incomplete contracts, the hold-up problem, and asymmetric information
• Investments as signals of outside options
• Joint ownership and the hold-up problem under asymmetric information
• Moral hazard and the property rights approach to the theory of the firm

Cited in

(5)

• EX ANTE INVESTMENT, EX POST REMEDIES, AND PRODUCT LIABILITY*
• On the optimality of outsourcing when vertical integration can mitigate information asymmetries
• Incomplete contracts, limited liability, and the optimality of joint ownership
• Investment spillovers and the allocation of property rights
• The management of innovation: experimental evidence

This page was built for publication: \textit{Ex ante} investment, \textit{ex post} adaptation, and joint ownership

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2295368)