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Anderlini, Luca; Felli, Leonardo - 1999

We identify the inefficiencies that arise when negotiation between two parties takes place in the presence of transaction costs. First, for some values of these costs it is efficient to reach an agreement but the unique equilibrium outcome is one in which agreement is never reached. Secondly,...

Persistent link: https://www.econbiz.de/10009781708

Auctions versus negotiations: The effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2017

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …). Bilateral negotiations are superior if potential design improvements are important, if renegotiation is particularly costly, and …

Persistent link: https://www.econbiz.de/10011663451

Auctions vs. negotiations: The effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2014

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation ex … auctions if sellers are likely to have superior information about possible design improvements, if renegotiation is costly, and …

Persistent link: https://www.econbiz.de/10010520618

Common-value procurement auctions with renegotiation

Baltaduonis, Rimvydas; Rentschler, Lucas - In: Theoretical economics letters 4 (2014) 8, pp. 619-622

Persistent link: https://www.econbiz.de/10010531316

The certification value of private debt renegotiation and the design of financial contracts : empirical evidence from Europe

Godlewski, Christophe J. - In: Journal of banking & finance 53 (2015), pp. 1-17

Persistent link: https://www.econbiz.de/10011377677

Debt covenant renegotiation and investment

Arnold, Marc; Westermann, Ramona - 2015

show that this feature is crucial for debt renegotiation models to explain corporate policies and debt prices. Specifically … debt control premiums, and predicts realistic renegotiation timing policies. Incorporating both renegotiation events also …

Persistent link: https://www.econbiz.de/10011345070

The role of dynamic renegotiation and asymmetric information in financial contracting

Roberts, Michael R. - In: Journal of financial economics 116 (2015) 1, pp. 61-81

Persistent link: https://www.econbiz.de/10011347318

The right of first offer

Hua, Xinyu - In: International journal of industrial organization 30 (2012) 4, pp. 389-397

Persistent link: https://www.econbiz.de/10009658172

A theory of disagreement in repeated games with bargaining

Miller, David A.; Watson, Joel - In: Econometrica : journal of the Econometric Society, an … 81 (2013) 6, pp. 2303-2350

Persistent link: https://www.econbiz.de/10010237409

Why don't Lenders renegotiate more home mortgages? : redefaults, self-cures and securitization

Adelino, Manuel; Gerardi, Kristopher; Willen, Paul - In: Journal of monetary economics 60 (2013) 7, pp. 835-853

Persistent link: https://www.econbiz.de/10010253060