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In economics, the hold-up problem is central to the theory of incomplete contracts, and shows the difficulty in writing complete contracts. A hold-up problem arises when two factors are present:
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hold-up problem contracts investment contract parties vertical renegotiation integration also economics information economic underinvestment solution bargaining power hart transaction buyer
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Hold-up problem | is a | situation where two parties may be able to work most efficiently by cooperating but refrain from doing so because of concerns that they may give the other party increased bargai… | 0.90 | text |
| Saddam Hussein do not surrender to superior force | instance of | dictators | 0.80 | text |
| leave power when it should be rational to do so | instance of | dictators | 0.80 | text |
| because they have no means of assurance that their property | instance of | dictators | 0.80 | text |
| their lives will be protected if they leave power | instance of | dictators | 0.80 | text |
| a merger in which all parts of the body are being produced internally rather than outside | instance of | A solution to the hold-up problem is vertical integration | 0.80 | text |
| Grossman | instance of | While traditional incomplete contracting models of vertical integration | 0.80 | text |
| Hart | instance of | While traditional incomplete contracting models of vertical integration | 0.80 | text |
| Hold-up problem | related to Contractual | Rogerson | 0.60 | section |
| Hold-up problem | related to Contractual | He | 0.60 | section |
| Hold-up problem | related to Contractual | No | 0.60 | section |
| Hold-up problem | related to Contractual | Therefore | 0.60 | section |
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