Destructing the hold-up

被引：0
|
作者：
Ng, Travis [1 ]
机构：
[1] Chinese Univ Hong Kong, Dept Econ, Shatin, Hong Kong, Peoples R China
来源：
ECONOMICS LETTERS | 2011年 / 111卷 / 03期
关键词：
Destruction; Bilateral relationship; Hold-up;
D O I：
10.1016/j.econlet.2011.02.025
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In an example of hold-up, giving the investing party the ability to destroy his relationship-specific investment can accommodate equilibria without under-investment. It suggests that destruction can be a possible incentive device in enhancing efficiency in bilateral relationships with hold-up. (C) 2011 Elsevier B.V. All rights reserved.
引用
收藏
页码：247 / 248
页数：2
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