Contractual Solutions to the Hold-Up Problem

William P. Rogerson

The Review of Economic Studies, 1992, vol. 59, issue 4, 777-793

Abstract: This paper considers a general version of the hold-up problem where n agents first make relation-specific investments and then must agree on some collective action. It is shown that first-best solutions exist under a variety of different assumptions about the nature of information asymmetries.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:59:y:1992:i:4:p:777-793.

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