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observing the contract choice of the agent. We propose a characterization of renegotiation-proof states of this (re-)negotiation … characterization of renegotiation-proof states provides a tool, which is both powerful and simple to use, for finding such states in … renegotiation-proof. With common values of the "Rothschild-Stiglitz" type inefficient and (partial) pooling states may be …
Persistent link: https://www.econbiz.de/10011754319
immediate renegotiation. This is discussed in an axiomatic approach. We show that if, given the revealed information, there … exists a contract which is preferred by everyone, the former contract could not have been renegotiation proof. For private …
Persistent link: https://www.econbiz.de/10005504482
characterization of renegotiation-proof states of such a renegotiation. The proposed solution concept provides an effective and easy …
Persistent link: https://www.econbiz.de/10011946258
observing the contract choice of the agent. We propose a characterization of renegotiation-proof states of this (re-)negotiation … characterization of renegotiation-proof states provides a tool, which is both powerful and simple to use, for finding such states in … renegotiation-proof. With common values of the "Rothschild-Stiglitz" type inefficient and (partial) pooling states may be …
Persistent link: https://www.econbiz.de/10011753991
characterization of renegotiation-proof states of such a renegotiation. The proposed solution concept provides an effective and easy …
Persistent link: https://www.econbiz.de/10011946012