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Universität zu Köln
Wirtschafts- und Sozialwissenschaftliche Fakultät

Staatswissenschaftliches Seminar - Prof. Schmitz

The Hold-Up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory

Patrick W. Schmitz

Bulletin of Economic Research, Vol. 53 (1), 2001, 1-17.

Abstract. This article provides a non-technical survey on recent topics in the theory of contracts. The hold-up problem is presented and the incomplete contracts approach is discussed. Emphasis is put on conceptual problems and open questions that await further research.

The working paper version is available for download at SSRN.

The paper is available for download.