RobScallon patreon

You all rock

🕑 Added 2014-02-13 19:25:58 +0000 UTC

Comments

Rob Scallon

thanks :) the whole album is totally done I am just waiting for physical CDs and what not to be ready to go before promoting it.

Michael M. Morgan

Oh yeah, I understand the circumstances all too well! Here's what Wikipedia has to say about it: In economics, the hold-up problem is central to the theory of incomplete contracts, and shows the difficulty in writing complete contracts. A hold-up problem arises when two factors are present: Parties to a future transaction must make non-contractible relationship-specific investments before the transaction takes place. The specific form of the optimal transaction (e.g. quality-level specifications, time of delivery, what quantity of units) cannot be determined with certainty on beforehand. The hold-up problem is a situation where two parties may be able to work most efficiently by cooperating, but refrain from doing so due to concerns that they may give the other party increased bargaining power, and thereby reduce their own profits. When party A has made a prior commitment to a relationship with party B, the latter can ‘hold up’ the former for the value of that commitment. But: the heart has its reasons of which reason knows nothing. -Blaise Pascal Keep on, keepin' on! Mike