EconPapers    
Economics at your fingertips  
 

Joint ownership and the hold-up problem under asymmetric information

Patrick Schmitz

Economics Letters, 2008, vol. 99, issue 3, 577-580

Abstract: In the standard property rights theory, joint ownership cannot be optimal, because it induces smaller investments in human capital than ownership by a single party. This result can be overturned if the parties have private information about the payoffs they can realize on their own.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1765(07)00382-5
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Joint Ownership and the Hold-up Problem Under Asymmetric Information (2007) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:99:y:2008:i:3:p:577-580

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-05-30
Handle: RePEc:eee:ecolet:v:99:y:2008:i:3:p:577-580