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Asset Ownership and Contractibility of Interaction

Roider, Andreas (2004) Asset Ownership and Contractibility of Interaction. Rand Journal of Economics 35, pp. 787-802.

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Date of publication of this fulltext: 11 Aug 2011 06:30

Abstract

In a property-rights framework, I study how organizational form and quantity contracts interact in generating investment incentives. The model nests standard property-rights and hold-up models as special cases. I admit general message-dependent contracts but provide conditions under which noncontingent contracts are optimal. First, the article contributes to the foundation of the property-rights ...

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Item type:Article
Date:2004
Institutions:Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Lehrstuhl für Mikroökonomik (Prof. Dr. Andreas Roider)
Related URLs:
URLURL Type
http://www.uni-heidelberg.de/md/awi/professuren/behfin/delegation.pdfAuthor
Dewey Decimal Classification:300 Social sciences > 330 Economics
Status:Published
Refereed:Yes, this version has been refereed
Created at the University of Regensburg:Unknown
Item ID:21714
Owner only: item control page

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