A Simple Economic Teaching Experiment on the Hold-Up Problem

被引：4

作者：

Balkenborg, Dieter ^{[1
]}

Kaplan, Todd ^{[1
]}

Miller, Timothy ^{[1
]}

机构：

[1] Univ Exeter, Sch Business, Exeter EX4 4QJ, Devon, England

来源：

JOURNAL OF ECONOMIC EDUCATION | 2012年 / 43卷 / 04期

关键词：

classroom experiments; hold-up problem; subgame perfection; CONTRACTS;

D O I：

10.1080/00220485.2012.714310

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The hold-up problem is central to the theory of incomplete contracts. This can occur if, after making a sunk investment in a relationship, one party can be taken advantage of by the other party, leading to inefficient underinvestment. The authors describe a simple teaching experiment that illustrates the hold-up problem, and address how to integrate it into a class.

引用

页码：377 / 385

页数：9

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