Investments as Signals of Outside Options


Dateien zu dieser Ressource

Dateien Größe Format Anzeige

Zu diesem Dokument gibt es keine Dateien.

GOLDLÜCKE, Susanne, Patrick W. SCHMITZ, 2014. Investments as Signals of Outside Options. In: Journal of Economic Theory. 150, pp. 683-708. ISSN 0022-0531. Available under: doi: 10.1016/j.jet.2013.12.001

@article{Goldlucke2014Inves-28566, title={Investments as Signals of Outside Options}, year={2014}, doi={10.1016/j.jet.2013.12.001}, volume={150}, issn={0022-0531}, journal={Journal of Economic Theory}, pages={683--708}, author={Goldlücke, Susanne and Schmitz, Patrick W.} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dcterms:bibliographicCitation>Journal of Economic Theory ; 150 (2014). - S. 683-708</dcterms:bibliographicCitation> <dc:creator>Schmitz, Patrick W.</dc:creator> <dcterms:rights rdf:resource=""/> <dc:creator>Goldlücke, Susanne</dc:creator> <dc:contributor>Goldlücke, Susanne</dc:contributor> <bibo:uri rdf:resource=""/> <dc:language>eng</dc:language> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dspace:isPartOfCollection rdf:resource=""/> <dc:rights>terms-of-use</dc:rights> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dcterms:available rdf:datatype="">2014-08-04T07:38:59Z</dcterms:available> <dcterms:title>Investments as Signals of Outside Options</dcterms:title> <dc:contributor>Schmitz, Patrick W.</dc:contributor> <dcterms:issued>2014</dcterms:issued> <dcterms:isPartOf rdf:resource=""/> <dcterms:abstract xml:lang="eng">Consider a seller who can make an observable but non-contractible investment to improve an intermediate good that is specialized to a particular buyerʼs needs. The buyer then makes a take-it-or-leave-it offer to the seller. The seller has private information about the fraction of the ex post surplus that he can realize on his own. Compared to a situation with complete information, additional investment incentives are generated by the sellerʼs desire to pretend a strong outside option. On the other hand, ex post efficiency is not attained since asymmetric information at the bargaining stage sometimes leads to inefficient separations.</dcterms:abstract> <dc:date rdf:datatype="">2014-08-04T07:38:59Z</dc:date> </rdf:Description> </rdf:RDF>

Das Dokument erscheint in:

KOPS Suche


Mein Benutzerkonto