Template-Type:ReDIF-Paper 1.0
Title: Strategic Mismatches in Sequential Contracting: The Case of Professional Partnerships
Author-Name: Kräkel, Matthias
Author-Postal: Prof. Dr. Matthias Kräkel
	Department of Economics, BWL II,
	University of Bonn
	Adenauerallee 24-42
	D-53113 Bonn
Author-Phone: 0228 733914
Author-Homepage: 
Classification-JEL: C72, D21, J41, J44
Keywords: economies of scope, free-rider effect, loser's curse, mismatch, partnership
Abstract: Mismatches typically arise because of information problems in markets. This paper discusses the possibility of mismatching in partnerships focussing on strategic mismatches that cannot be explained by information problems. It is shown that due to market competition sometimes players can profit from voluntary mismatching.
Length:   pages
Creation-Date: 1999-07
Revision-Date: 
Handle: RePEc:bon:bonsfa:604