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We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10010780495
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10010264280
chain. This paper presents a simple framework to assess the potential role of nonlinear pricing contracts and vertical …
Persistent link: https://www.econbiz.de/10011265270
We develop and estimate a model of dynamic interactions between households where commitment is limited and contracts …. Households can insure through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers …. Incentive constraints due to self-enforcement bind with positive probability and formal contracts are used to reduce this …
Persistent link: https://www.econbiz.de/10005566519
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005123633
We develop and estimate a model of dynamic interactions where commitment is limited and contracts are incomplete to … through both formal contracts and informal agreements, that is, agreements specifying voluntary transfers that need to be self … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005504414
We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to … each other through both formal contracts and informal agreements, that is, self-enforcing agreements specifying voluntary … to self-enforcement bind with positive probability and formal contracts are used to reduce this probability. …
Persistent link: https://www.econbiz.de/10005405774
Persistent link: https://www.econbiz.de/10002150120
Persistent link: https://www.econbiz.de/10003984587
Persistent link: https://www.econbiz.de/10003984634