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The Hold-up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory

Patrick Schmitz

Bulletin of Economic Research, 2001, vol. 53, issue 1, 1-17

Abstract: This article provides a nontechnical survey on recent topics in the theory of contracts. The hold-up problem is presented and the incomplete contracts approach is discussed. Emphasis is put on conceptual problems and open questions that await further research. Copyright 2001 by Blackwell Publishing Ltd and the Board of Trustees of the Bulletin of Economic Research

Date: 2001
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