Abstract
switching costs, lock-in, long-term relationships, contracts, opportunism, Social and Behavioral Sciences, Business
Keywords
Related Publications
Information Technology, Incentives, and the Optimal Number of Suppliers
:Buyers are transfonning their relationships with suppliers. For example, instead of playing off dozens or even hundreds of competing suppliers against one another, many finns a...
Investment and competition in unlicensed spectrum
Adding unlicensed spectrum, such as the recent opening of the television white spaces in the US, has the potential to benefit customers by increasing competition, but may also i...
The economic institutions of capitalism firms, markets, relational contracting
This study is based on the belief that economic organization is shaped by transaction cost economizing decisions. It sets out the basic principles of transaction cost economics,...
Financial Intermediation and Delegated Monitoring
This paper develops a theory of financial intermediation based on minimizing the cost of monitoring information which is useful for resolving incentive problems between borrower...
Why Higher Takeover Premia Protect Minority Shareholders
Posttakeover moral hazard by the acquirer and freeāriding by the target shareholders lead the former to acquire as few sharcs as necessary to gain control. As moral hazard is mo...
Publication Info
- Year
- 1987
- Type
- article
- Volume
- 79
- Issue
- 1
- Pages
- 51-68
- Citations
- 105
- Access
- Closed