Tekijä: | Feinberg, Y. Kamien, M.I. |
Otsikko: | Highway robbery: complementary monopoly and the hold-up problem |
Lehti: | International Journal of Industrial Organization
2001 : DEC, VOL. 19:10, p. 1603-1621 |
Asiasana: | MONOPOLY |
Vapaa asiasana: | HOLD-UP PROBLEM MARGINALIZATION |
Kieli: | eng |
Tiivistelmä: | The authors analyze the hold-up problem in the context of the Cournot-Ellet theory of complementary monopoly. The strategic interaction among travelers and two distinct owners of successive segments of a road is used as a metaphor for complementary goods that are traded sequantially. It is shown that when trade occurs double marginalization is eliminated. |
SCIMA