show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of … that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the …

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …

The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring …