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stimulate or discourage investments. Moreover, we find that if renegotiation cannot be prevented, public–private partnerships …
Persistent link: https://www.econbiz.de/10012428716
hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an … initial contract has a highly significant and economically important impact on renegotiation behavior that goes beyond the …
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renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no …
Persistent link: https://www.econbiz.de/10010383019
We propose a theory of ex post inefficient renegotiation that is based on loss aversion. When two parties write a long …
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We propose a theory of inefficient renegotiation that is based on loss aversion. When two parties write a long …
Persistent link: https://www.econbiz.de/10010487344
manufacturer fail in its subsequent negotiation with the second retailer. Renegotiation from scratch induces the first contracting …
Persistent link: https://www.econbiz.de/10009237937
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