Editing Hold-up problem (section)

=== Auto industry ===
A historic example concerns the US car industry, but the example is sharply disputed by Coase (2000).<ref>Coase, R.H. (2000). "The Acquisition of Fisher Body by General Motors". ''Journal of Law and Economics'', '''1'''(43), 15-32. {{JSTOR|10.1086/467446}}</ref> [[Fisher Body]] had an exclusive contract with [[General Motors]] (GM) to supply car body parts and so Fisher Body was the only company to deliver the components according to GM's specifications. In 1920, a sharp increase in demand occurred that was above expectations. It is claimed that Fisher Body used the unforeseen situation to hold up GM by increasing the price for the additional parts produced. It has been said that the hold up led to GM acquiring Fisher Body in 1926.<ref>Hart, O. (1995). Firms, contracts, and financial structure. Oxford & New York: Oxford University Press, Clarendon Press.</ref>