Kockesen, Levent; Gerratana, Emanuele - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2009
It is well known that non-renegotiable contracts with third parties may have an effect on the outcome of a strategic interaction and thus serve as a commitment device. We address this issue when contracts are renegotiable. More precisely, we analyze the equilibrium outcomes of twostage games...