SFB 303 Discussion Paper No. A - 604

Author: Kräkel, Matthias
Title: Strategic Mismatches in Sequential Contracting: The Case of Professional Partnerships
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.
Keywords: economies of scope, free-rider effect, loser's curse, mismatch, partnership
JEL-Classification-Number: C72, D21, J41, J44
Creation-Date: August 1999
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