hold-up problem
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
The risk that a party who has sunk relationship-specific investment gets squeezed by a partner exploiting that dependence.
We won't build a plant dedicated to one buyer without a long contract; the hold-up problem is real.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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