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@article{ART001938114},
author={Kyungdong Hahn and Park Chanyul},
title={An Experimental study on Common Agency and Hold-up Problem},
journal={Journal of Regulation Studies},
issn={1738-7132},
year={2014},
volume={23},
number={2},
pages={77-116},
doi={10.22954/ksrs.2014.23.2.003}

TY - JOUR
AU - Kyungdong Hahn
AU - Park Chanyul
TI - An Experimental study on Common Agency and Hold-up Problem
JO - Journal of Regulation Studies
PY - 2014
VL - 23
IS - 2
PB - 한국규제학회
SP - 77
EP - 116
SN - 1738-7132
AB - This study analyzes the hold-up problem with an methodology of experimental economics, when cooperative common agency is introduced to resolve the problems of asymmetric trade relations. As a result, we observed that under-investment is intensified due to hold-up problem and the efficiency is lowered under the cooperative common agency. In addition, in the case of lower investment efficiency, these problems are more severe, respectively. These results imply that, in the implementation of the revised Fair Transactions in Subcontracting Act, sufficient institutional complement is required to mitigate hold-up problem due to renegotiation with the cooperative common agency.
KW - Cooperative Common Agency;Hold-up Problem;Experimental Economics
DO - 10.22954/ksrs.2014.23.2.003
ER -

Kyungdong Hahn and Park Chanyul. (2014). An Experimental study on Common Agency and Hold-up Problem. Journal of Regulation Studies, 23(2), 77-116.

Kyungdong Hahn and Park Chanyul. 2014, "An Experimental study on Common Agency and Hold-up Problem", Journal of Regulation Studies, vol.23, no.2 pp.77-116. Available from: doi:10.22954/ksrs.2014.23.2.003

Kyungdong Hahn, Park Chanyul "An Experimental study on Common Agency and Hold-up Problem" Journal of Regulation Studies 23.2 pp.77-116 (2014) : 77.

Kyungdong Hahn, Park Chanyul. An Experimental study on Common Agency and Hold-up Problem. 2014; 23(2), 77-116. Available from: doi:10.22954/ksrs.2014.23.2.003

Kyungdong Hahn and Park Chanyul. "An Experimental study on Common Agency and Hold-up Problem" Journal of Regulation Studies 23, no.2 (2014) : 77-116.doi: 10.22954/ksrs.2014.23.2.003

Kyungdong Hahn; Park Chanyul. An Experimental study on Common Agency and Hold-up Problem. Journal of Regulation Studies, 23(2), 77-116. doi: 10.22954/ksrs.2014.23.2.003

Kyungdong Hahn; Park Chanyul. An Experimental study on Common Agency and Hold-up Problem. Journal of Regulation Studies. 2014; 23(2) 77-116. doi: 10.22954/ksrs.2014.23.2.003

Kyungdong Hahn, Park Chanyul. An Experimental study on Common Agency and Hold-up Problem. 2014; 23(2), 77-116. Available from: doi:10.22954/ksrs.2014.23.2.003

Kyungdong Hahn and Park Chanyul. "An Experimental study on Common Agency and Hold-up Problem" Journal of Regulation Studies 23, no.2 (2014) : 77-116.doi: 10.22954/ksrs.2014.23.2.003