Buehler, Stefan; Gaertner, Dennis L. - Institut für Volkswirtschaftslehre, … - 2009
efficient bilateral relational contracts with RPRs and discuss extensions to settings where consumer demand is affected by RPRs … relations. Analyzing a bilateral manufacturer-retailer relationship with repeated trade, we show that linear relational … contracts can implement the surplus-maximizing outcome. If the manufacturer has private information about production costs or …