haku: @author Kamien, M.I. / yhteensä: 3
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| 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. |
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