Up- and downstream restructuring, foreign direct investment, and hold-up problems in agricultural transition
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 ...
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ژورنال
عنوان ژورنال: European Review of Agricultural Economics
سال: 1998
ISSN: 0165-1587,1464-3618
DOI: 10.1093/erae/25.3.331