Construct · 1 fields · 1 citations

hold-up problem: a standalone construct

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Economics

the risk that a trading partner will exploit relationship-specific investments after they are made.

In economics, hold-up problem refers to the risk that a trading partner will exploit relationship-specific investments after they are made. This meaning comes from Klein (1978) in The Journal of Law and Economics.[1]

Unit
Recovery means
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Nearby constructs

risk6 fields · 13 citationsjingle · one name, six constructs will3 fields · 5 citationsjingle · one word, three constructs

References

Klein, B., Crawford, R. G., & Alchian, A. A. (1978). Vertical Integration, Appropriable Rents, and the Competitive Contracting Process. The Journal of Law and Economics, 21(2), 297-326. https://doi.org/10.1086/466922

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