competing auctions and competitive search continue to hold unaltered even without ex ante price commitment. …

This paper studies the enforcement abilities of authorities with a limited commitment to punishing violators …. Commitment of resources su±cient to punish only one agent is needed to enforce high compliance of an arbitrary number of agents …

We examine the commitment effect of delegated bargaining when the delegation contract is renegotiable. We consider a … renegotiation prevents a full elination of the commitment effect of delegation. Indeed, there are always gains from delegation when …