出版社：Suntory Toyota International Centres for Economics and Related Disciplines
摘要：We identify and investigate the basic 'hold-up problem' which ariseswhenever each party to a contract has to pay some ex-ante cost for thecontract to become feasible. We then proceed to show that, underplausible circumstances, a 'contractual solution' to this hold-up problemis not available. This is because a contractual solution to the hold-upproblem typically entails writing a 'contract over a contract' whichgenerates a fresh set of ex-ante costs, and hence is associated with anew hold-up problem
