Hold-up, asset ownership, and reference points

DOI10.1162/QJEC.2009.124.1.267MaRDI QIDQ5850902zbMATH OpenOpenAlexFDO

Authors Oliver D. Hart

Publication date 20 January 2010

Published in Quarterly Journal of Economics (Search for Journal in Brave)

Full work available at URL http://www.nber.org/papers/w13540.pdf

zbMATH Keywords

asset ownershipcooperationpayoff uncertainty

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• A dynamic theory of holdup.
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Cited in

(8)

• Asset ownership and the threat to sell
• The negotiators who knew too much: transaction costs and incomplete information
• The dynamics of productive assets, contract duration and holdup
• Noncontractible investments and reference points
• Investments and the holdup problem in a matching market
• Destructing the hold-up
• Contractual solutions to hold-up problems with quality uncertainty and unobservable investments
• Holdup and innovation

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