Holdups and overinvestment in capital markets

DOI10.1016/J.JET.2014.02.004zbMATH Open1296.91225OpenAlexW2012434300MaRDI QIDQ402064FDOQ402064

Authors: André Kurmann 

Publication date: 27 August 2014

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jet.2014.02.004

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zbMATH Keywords

investmentbargainingholdup problemstrading frictions

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Mathematical economics (91B99)

Cites Work

• On the Efficiency of Matching and Related Models of Search and Unemployment
• Liquidity in Asset Markets With Search Frictions
• Over-the-Counter Markets
• Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade
• Trade dynamics in the market for federal funds
• Money and capital as competing media of exchange
• A Theory of the Firm with Non-binding Employment Contracts
• Does intrafirm bargaining matter in the large firm's matching model?
• Intra-Firm Bargaining under Non-Binding Contracts
• Gross Credit Flows
• Too much investment? A problem of endogenous outside options
• Search and the market for ideas

Cited In (3)

• Frictional capital reallocation. I: Ex ante heterogeneity
• Dynamic inefficiency in decentralized capital markets
• Holdup, search, and inefficiency

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