Showing 1 - 2 of 2
We study experimentally how the ability to communicate affects the frequency and effectiveness of flexible and inflexible contracts in a bilateral trade context where sellers can adjust trade quality after observing a post-contractual cost shock and a discretionary buyer transfer. In the absence...
Persistent link: https://www.econbiz.de/10010851445
having to pre-commit capacity. In our game, evolution and learning do not drive out this perception. We back these claims …
Persistent link: https://www.econbiz.de/10010547333