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dc.contributor.authorDurand-Viel, Laure*
dc.contributor.authorVilleneuve, Bertrand*
dc.date.accessioned2019-09-09T10:47:07Z
dc.date.available2019-09-09T10:47:07Z
dc.date.issued2015
dc.identifier.issn1463-6786
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/19716
dc.language.isoenen
dc.subjectLong-term Contractsen
dc.subjectIncomplete Contractingen
dc.subjectInfrastructure Investmenten
dc.subject.ddc338.5en
dc.subject.classificationjelL.L9.L95en
dc.subject.classificationjelD.D4.D42en
dc.subject.classificationjelD.D4.D45en
dc.titleStrategic Capacity Investment under Hold‐up Threats: The Role of Contract Length and Widthen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenWe analyze the impact of the length of incomplete contracts on investment and surplus sharing. In the bilateral relationship explored, the seller controls the input and the buyer invests. With two‐part tariffs, the length of the contract is irrelevant: the surplus is maximal and goes to the seller. In linear contracts, the seller prefers the shortest contract and the buyer the longest one. Further, the commitment period concentrates the incentives, whereas afterwards there is rent extraction. The socially efficient contract is as short as possible; yet, long contracts can be promoted because of the surplus they allocate to the buyer.en
dc.relation.isversionofjnlnameManchester School
dc.relation.isversionofjnlvol84en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate2015
dc.relation.isversionofjnlpages313-339en
dc.relation.isversionofdoi10.1111/manc.12100en
dc.contributor.countryeditoruniversityotherFRANCE
dc.relation.isversionofjnlpublisherWileyen
dc.subject.ddclabelMicroéconomieen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenonen
dc.description.halcandidateouien
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.relation.Isversionofjnlpeerreviewednonen
dc.relation.Isversionofjnlpeerreviewednonen
dc.date.updated2019-08-30T09:02:31Z
hal.person.labIds219720*
hal.person.labIds163511*
hal.identifierhal-02281606*


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