The FTC, IP, and SSOs: Government Hold-Up Replacing Private Coordination
نویسندگان
چکیده
منابع مشابه
Unobservable Investment and the Hold-Up Problem†
We study a two person bargaining problem in which the buyer may invest and increase his valuation of the object before bargaining. We show that if all offers are made by the seller and the time between offers is small, then the buyer invests efficiently and the seller extracts all of the surplus. Hence, bargaining with frequently repeated offers remedies the hold-up problem even when the agent ...
متن کاملPrivate Investment and Government Protection
Hurricane Katrina did massive damage because New Orleans and the Gulf Coast were not appropriately protected. Wherever natural disasters threaten, the government – in its traditional role as public goods provider – must decide what level of protection to provide to an area. It does so by purchasing protective capital, such as levees for a low-lying city. (“Protection” also consists of not impos...
متن کاملOwnership, incentives, and the hold-up problem
Vertical integration is often proposed as a way to resolve hold-up problems, ignoring the empirical fact that division managers tend to maximize divisional (not firmwide) profit when investing. This paper develops a model with asymmetric information at the bargaining stage and investment returns taking the form of cash and “empire benefits.” Owners of a vertically integrated firm then will prov...
متن کاملInformation and the Hold-Up Problem
We examine situations in which a party must make a sunk investment prior to contracting with a second party to purchase an essential complementary input. We study how the resulting hold-up problem is affected by the seller’s information about the investing party’s likely returns from its investment. Our principal focus is on the effects of the investment’s being observable by the non-investing ...
متن کاملRobust FDI for FTC Coordination in a Distributed Network System
This paper focuses on the development of a suitable Fault Detection and Isolation (FDI) strategy for application to a system of inter-connected and distributed systems, as a basis for a fault-tolerant Network Control System (NCS) problem. The work follows a recent study showing that a hierarchical decentralized control system architecture may be suitable for fault-tolerant control (FTC) of a ne...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1907450