Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/143534
Title: Information control in the hold-up problem
Authors: Nguyen, Anh
Tan, Teck Yong
Keywords: Social sciences::Economic theory
Issue Date: 2019
Source: Nguyen, A., & Tan, T. Y. (2019). Information control in the hold‐up problem. The RAND Journal of Economics, 50(4), 768–786. doi:10.1111/1756-2171.12295
Journal: RAND Journal of Economics
Abstract: We study the use of information control to mitigate hold-up risks. We identify a distinction between asymmetric information that creates an ex ante investment incentive and asymmetric information that causes ex post inefficiency, which then allows ex post inefficiency to be eliminated without compromising the ex ante investment incentive. We characterize the properties of the optimal information structure and the payoffs and welfare achievable with information control in the presence of hold-up risks.
URI: https://hdl.handle.net/10356/143534
ISSN: 0741-6261
DOI: 10.1111/1756-2171.12295
Schools: School of Social Sciences 
Rights: This is the accepted version of the following article: Nguyen, A., & Tan, T. Y. (2019). Information control in the hold‐up problem. The RAND Journal of Economics, 50(4), 768–786., which has been published in final form at doi:10.1111/1756-2171.12295. This article may be used for non-commercial purposes in accordance with the Wiley Self-Archiving Policy [https://authorservices.wiley.com/authorresources/Journal-Authors/licensing/self-archiving.html].
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:SSS Journal Articles

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