Tesis
Hold-up problem in multitask ventures
Autor
Olszewski, Wojciech
Institución
Resumen
Two tasks need to be completed in order to generate a surplus. The feasibility and difficulty of the tasks is ex ante unknown. This paper studies the
optimal way to tackle these tasks and how this will differ from the way two
partners with task specific skills and no commitment would organize the work.
The no commitment solution might be associated with higher probability of
partial success.