effect of renegotiation costs on initial contract terms. TD9599 materially reduced the tax burden of renegotiating U … setting, we examine the implications of incomplete contracting theory for debt contract design. Consistent with incomplete …

contract renegotiations. I study whether the demand for monitoring determines the renegotiation intensity, defined as either … contract renegotiation trades off the benefits of enhanced monitoring with the costs of suboptimal creditor intervention …

Under a contract, agents are not only held to honor the allocation as prescribed by a cost sharing mechanism but also a … taking their demanded units and prepaying the corresponding bill, a contract allows for a reformulation of the cost sharing … supported by at least one reasonable contract which meets upperbounds. The class of additive and R-consistent mechanisms is …

optimally offers a contract that makes the agent's utility concave in output. If the agent is risk-neutral and protected by … concavity constraint might bind for some outputs but not others. We characterize the unique profit-maximizing contract and show …