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Relational contracting, repeated negotiations, and hold-up : conference paper

Kranz, Sebastian - 2013

relational contracts are repeatedly newly negotiated during relationships. Negotiations take place with positive probability and …

Persistent link: https://www.econbiz.de/10010336791

Relational contracting, repeated negotiations, and hold-up

Kranz, Sebastian - 2013

Persistent link: https://www.econbiz.de/10009706860

Relational Contracting, Repeated Negotiations, and Hold-Up

Kranz, Sebastian - 2013

relational contracts are repeatedly newly negotiated during relationships. Negotiations take place with positive probability and … money can be transferred. This paper formulates a theory of relational contracting in dynamic games. A crucial feature is … that existing relational contracts can depreciate and ensuing negotiations then treat previous informal agreements as …

Persistent link: https://www.econbiz.de/10013087220

Renegotiation of long‐term contracts as part of an implicit agreement

Kostadinov, Rumen - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 4, pp. 1471-1512

I study a repeated principal-agent game with long‐term output contracts that can be renegotiated at will. Actions are observable but not contractible, so they can only be incentivized through implicit agreements formed in equilibrium. I show that contract renegotiation is a powerful tool for...

Persistent link: https://www.econbiz.de/10012806553

Under/over-investment and early renegotiation in public-private partnerships

Danau, Daniel; Vinella, Annalisa - 2019

We consider a public-private partnership in an infrastructure project, which requires specialised expertise during the construction stage for the infrastructure to operationalise. This entails that, after an investment is made to begin building the infrastructure, its construction is completed...

Persistent link: https://www.econbiz.de/10012119945

Theoretical foundations of relational incentive contracts

Watson, Joel - University of California, San Diego / Department of … - 2021

Persistent link: https://www.econbiz.de/10012887517

Is marriage as good as a contract?

Cigno, Alessandro - 2013

Neither marriage nor a legally enforceable contract serves any useful purpose if the parties have access to a perfect credit market. In the presence of credit rationing, efficiency and utility equalization are guaranteed only by a legally enforceable contract. Separate-property marriage may...

Persistent link: https://www.econbiz.de/10010227229

Relational contracts and trust in a high-tech industry

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021

differences in the costs of switching suppliers. …

Persistent link: https://www.econbiz.de/10012649766

Relational contracts and trust in a high-tech industry

Calzolari, Giacomo; Felli, Leonardo; Koenen, Johannes; … - 2021

Persistent link: https://www.econbiz.de/10013259556

Renegotiation of dynamically incomplete contracts

Zhu, John Y. - 2016

Persistent link: https://www.econbiz.de/10011843963

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