報告題目：The Effect of Inequality on Relation Specific Investment and Hold Up: A Cross-Cultural Examination
報告人：Rudy Santore
時間：2019年11月12日（星期二）下午14：30
地點：博學樓B407
主辦單位：經濟管理學院（MBA教育中心）、科研處
報告提要：
The hold-up problem can arise between a buyer and a seller when contracts are incomplete and seller investment is buyer specific. In such circumstances there can be too little investment if sellers expect to be held up. There can also be bargaining failure if sellers who do invest refuse to accept “unfair” offers. Our experiment investigates the role of inequality on the hold-up problem by varying the initial endowments of the buyer and sellers. The research also investigated the role of culture by comparing behavior of Chinese subjects and US subjects. Inequality has a bigger impact on US investment than Chinese subjects. Chinese sellers invest at higher rates than US subjects, but they demand higher prices than US sellers resulting in more bargaining failures.
報告人簡介：
Rudy Santore：美國田納西大學經濟系副教授，博士生導師，從事產業(yè)組織理論、博弈論與信息經濟學相關研究。美國經濟協會、美國金融管理協會、美國法律與經濟協會、南美經濟協會及歐洲經濟協會等學術機構特邀成員。American Economic Review, European Journal of Political Economy, Journal of Economic Behavior & Organization, Journal of Law, Economics and Organization, Economic Inquiry, Journal of Public Economic Theory, Journal of Economic Education, Economics Bulletin, The China Economic Review，等25個國際頂級雜志的特約審稿人。在European Journal of Political Economy, Journal of Economic Behavior & Organization, Journal of Law, Economics and Organization, Economic Inquiry等國際頂級SSCI期刊發(fā)表論文20余篇
