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We model mortgage refinancing as a bargaining game involving the borrowing household, the incumbent lender, and an …
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hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an … initial contract has a highly significant and economically important impact on renegotiation behavior that goes beyond the … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
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hypothesis in a canonical buyer-seller relationship with renegotiation. Our paper provides causal experimental evidence that an … initial contract has a highly significant and economically important impact on renegotiation behavior that goes beyond the … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …
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