haku: @indexterm Mathematical models / yhteensä: 531
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| Tekijä: | Zhu, T. |
| Otsikko: | Holdups, simple contracts and information acquisition |
| Lehti: | Journal of Economic Behavior and Organization
2000 : AUG, VOL. 42:4, p. 549-560 |
| Asiasana: | Contracts Investments Mathematical models |
| Vapaa asiasana: | Information seeking |
| Kieli: | eng |
| Tiivistelmä: | In a typical procurement setup, several recent papers have shown that when complete contracting is not possible, noncontingent contracts may suffice to solve the under-investment problem. A noncontingent contract offer such as fixed-price contract may induce the seller to acquire information on the future course of costs and only to accept the offer if the cost is low. |
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