Showing 1 - 2 of 2
This paper explores the power of threats in the absence of binding commitment. The threatener cannot commit to carry out the threat if the victim refuses payment, and cannot commit not to carry out the threat if payment is made. If exercising the threat is costly to the threatener, then the...
Persistent link: https://www.econbiz.de/10012235951
Persistent link: https://www.econbiz.de/10010289747