In the VenezuelaExxonMobil Holdup Problem in Figure, suppose that the parties could initially agree to a binding

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In the Venezuela–ExxonMobil Holdup Problem in Figure, suppose that the parties could initially agree to a binding contract that Venezuela would pay ExxonMobil x dollars if it nationalizes the oil fields. How large does x have to be for ExxonMobil to invest in Venezuela?

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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