Holden, Helge; Holden, Lars; Holden, Steinar - Økonomisk institutt, Universitetet i Oslo - 2004
Consider a contract between two players, describing the payment an agent obtains from the principal, in exchange for a 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....
