Midlands State University Library
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Holdout: existence, information, and contingent contracting by Sean M. Collins and R. Mark Isaac

By: Contributor(s): Material type: TextTextSeries: Journal of law and economics ; Volume 55, number 4Chicago: University of Chicago Press; 2012Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 00222186
Subject(s): LOC classification:
  • HB73 JOU
Online resources: Summary: The holdout problem permeates policy discussions of legal issues involving bargaining for land acquisition and more broadly impacts multilateral bargaining between agents. Laboratory experiments investigate the scope of the holdout problem. The research strategy incorporates as treatment variables available information and the exposure problem arising from the unavailability of contingent contracts. An examination reveals that holdout can reliably produce large inefficiencies and lost opportunities for mutually advantageous trade. The introduction of contingent contracts facilitates successful bargaining. However, buyers are not made significantly better off by contingent contracts.
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Holdings
Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HB73 JOU (Browse shelf(Opens below)) Vol. 55, no.4 (pages 793-814) SP15116 Not for loan For In House Use Only

The holdout problem permeates policy discussions of legal issues involving bargaining for land acquisition and more broadly impacts multilateral bargaining between agents. Laboratory experiments investigate the scope of the holdout problem. The research strategy incorporates as treatment variables available information and the exposure problem arising from the unavailability of contingent contracts. An examination reveals that holdout can reliably produce large inefficiencies and lost opportunities for mutually advantageous trade. The introduction of contingent contracts facilitates successful bargaining. However, buyers are not made significantly better off by contingent contracts.

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