Spiegler, Ran (contributor); Eliaz, Kfir (contributor) - 2005
The Foerder Institute for Economic Research
and
The Sackler Institute of Economic Studies
Speculative Contracts
K … speculative contracting.4
Related literature
Our paper is related to the contracting literature that studies non-linear pricing … states. If the realized state in period 2 is u (an event to which the agent assigns a
probability of ), then he will choose …