General Equilibrium Analysis of Hold-Up Problem and Non-Exclusive Franchise Contract
Date
Authors
Chu, Chih-Ning
Liu, Wai-Man (Raymond)
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Volume Title
Publisher
Blackwell Publishing Ltd
Abstract
In this paper, we develop a general equilibrium model that examines the emergence of non-exclusive franchise contracts in the presence of the franchisor hold-up problem. Our model of an endogenous franchising network underscores the trade-off between the
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Source
Pacific Economic Review
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Restricted until
2037-12-31