INVESTIGADORES
AROZAMENA Leandro Roberto
artículos
Título:
A note on the suboptimality of right-of-first-refusal clauses
Autor/es:
LEANDRO AROZAMENA; FEDERICO WEINSCHELBAUM
Revista:
Economics Bulletin
Editorial:
AccessEcon
Referencias:
Lugar: Nashville; Año: 2006 vol. 4 p. 1 - 6
ISSN:
1545-2921
Resumen:
We show that, under independent private values, no mechanism that contains a right-of-first-refusal clause can maximize the sum of the utilities of the seller and the right-holder.
