haku: @indexterm DECISION MAKING / yhteensä: 3774
viite: 914 / 3774
Tekijä: | Schmitz, P. W. |
Otsikko: | Simple contracts, renegotiation under asymmetric information, and the hold-up problem |
Lehti: | European Economic Review
2002 : JAN, VOL. 46:1, p. 169-188 |
Asiasana: | ASYMMETRIC INFORMATION BARGAINING CONTRACTS DECISION MAKING |
Kieli: | eng |
Tiivistelmä: | In this article it is demonstrated that voluntary bargaining over a collective decision under asymmetric information may well lead to ex post efficiency if the default decision is non-trivial. It is argued that the default decision may be interpreted as a "simple" contract that the parties have written ex ante. |
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