securitized and portfolio loans. The results are robust to several different definitions of renegotiation and hold in subsamples … lenders negotiate with large numbers of borrowers lead to barriers to renegotiation fundamentally different from those present …

such as informal agreements and expost renegotiation. We investigate the relevance of these features experimentally. Our … the presence of informal agreements and ex post renegotiation. However, our data also reveal new behavioral features that … renegotiation changes how trading parties evaluate ex post outcomes. Interestingly, the availability of these additional options …

renegotiation, potentially undermining the credibility of cooperative strategies. To explore this issue, this paper experimentally …

such as informal agreements and ex post renegotiation. We investigate the relevance of these features experimentally. Our … the presence of informal agreements and ex post renegotiation. However, our data also reveal new behavioral features that … renegotiation changes how trading parties evaluate ex post outcomes. Interestingly, the availability of these additional options …

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 …