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Is There a Hold-up ...
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Ellingsen, ToreStockholm School of Economics,Handelshögskolan i Stockholm
(author)
Is There a Hold-up Problem?
- Article/chapterEnglish2004
Publisher, publication year, extent ...
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2004-11-22
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Blackwell Publishing Ltd/Inc,2004
Numbers
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LIBRIS-ID:oai:hhs.se:1155787560006056
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https://research.hhs.se/esploro/outputs/journalArticle/Is-There-a-Hold-up-Problem/991001484683906056URI
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https://doi.org/10.1111/j.0347-0520.2004.00373.xDOI
Supplementary language notes
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Language:English
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Summary in:English
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Subject category:art swepub-publicationtype
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Subject category:ref swepub-contenttype
Notes
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We report on a hold-up experiment in which unilateral investment is followed by bilateral gaining according to Nash's demand game. Without communication, investment is low and coordination is poor. Unilateral communication facilitates coordination, but not perfectly. Successful coordination predominantly entails "fair" outcomes. Perhaps suprisingly, sellers (investors) do at least as well under buyer communication as under seller communication.
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Johannesson, MagnusStockholm School of Economics,Handelshögskolan i Stockholm(Swepub:hhs)198@hhs.se
(author)
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Handelshögskolan i StockholmStockholm School of Economics
(creator_code:org_t)
Related titles
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In:The Scandinavian journal of economics: Blackwell Publishing Ltd/Inc106:3, s. 475-4941467-94420347-0520
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