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Holdup: Implications for Investment and Organization
Hermalin, Benjamin E.
52/2  (Winter 2010): 132-137

Holdup, the danger that a party other than the one investing will capture some of the return from such investing, plays an important role in business decision making about firms’ organizational and investment strategies. Oliver Williamson was among the first to identify the importance of holdup and investigate its consequences. Much of our understanding of holdup in strategy and in other areas of scholarship can be traced back to his contributions.

 

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