A note on optimal procurement contracts
研究了在双边垄断和资产专用性投资后，如何利用事后公开信息来高效确定合同规格变更及其补偿，解决信息不对称下的效率问题。
In many transactional relationships, new information and varying circumstances make it desirable to change contract terms well after investments in specific assets have created a situation of bilateral monopoly. Decisions about specification changes are made on the basis of asymmetric information between the buyer and the seller about costs and valuations. The analysis herein indicates how ex post public information might be employed to achieve a fully efficient method for determining specification changes and their reimbursement.