Holden, Helge; Holden, Lars; Holden, Steinar - 2004
good or service supplied. At each point in time, either player may unilaterally demand a renegotiation of the contract …, involving renegotiation costs for both players. Players’ payoffs from trade under the contract, as well as from a renegotiated … is to require a renegotiation when the contract payment relative to the outcome of a renegotiation passes a certain …