Asymetria informacji a transakcje wiązane

• Authors: Jacek Prokop , Ewa Baranowska-Prokop

Title variants

EN

Information Asymmetry and Tie-in Transactions

• Languages of publication: PL

Abstracts

EN

The article sets out to determine if tie-in transactions can be a more favorable form of buying capital goods for enterprises than ordinary market transactions in the event of an information asymmetry. The authors present a model situation in which an enterprise from a less developed country decides to buy technology from a company based in a highly developed country. The quality of the technology is unknown to the buyer, who has two forms of transactions to choose from: a market transaction or a tie-in. The authors prove that in the event of considerable uncertainty about the quality of the technology involved, tie-ins may be the preferred form of trade. Such transactions play the role of specific insurance in case the technology purchased proves to be of substandard quality. Tie-in transactions are a reliable signal of the quality of capital goods if there is an information asymmetry between the seller and the buyer. They represent a rational response to conditions limiting market exchange.

Keywords

EN

information asymmetry; capital goods; tie-in transactions

• Publisher: Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
• Journal: Gospodarka Narodowa. The Polish Journal of Economics
• Year: 2006
• Volume: 209
• Issue: 7-8
• Pages: 9-25

Dates

published

2006-08-31

Contributors

author

Jacek Prokop

author

Ewa Baranowska-Prokop

Identifiers

DOI

10.33119/GN/101439