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- Ellingsen, ToreStockholm School of Economics,Handelshögskolan i Stockholm (author)
Is There a Hold-up Problem?
- Article/chapterEnglish2004
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- 2004-11-22
- Blackwell Publishing Ltd/Inc,2004
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- LIBRIS-ID:oai:hhs.se:1155787560006056
- https://research.hhs.se/esploro/outputs/journalArticle/Is-There-a-Hold-up-Problem/991001484683906056URI
- https://doi.org/10.1111/j.0347-0520.2004.00373.xDOI
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- Language:English
- Summary in:English
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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)
- Handelshögskolan i StockholmStockholm School of Economics (creator_code:org_t)
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- In:The Scandinavian journal of economics: Blackwell Publishing Ltd/Inc106:3, s. 475-4941467-94420347-0520
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