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 …

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 …

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 …

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 …

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 …

We study contracting and costly renegotiation in settings of complete but unverifiable information, using the mechanism …-design approach. We show how renegotiation activity is best modelled in the fundamentals of the mechanism-design framework, so that … noncontractibility of renegotiation amounts to a constraint on the problem. We formalize and clarify the Renegotiation …

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 …

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 …

Contracts adopted with later renegotiation in mind may take simple forms. In a principal-agent model, if renegotiation … may occur after the agent chooses efforet, the principal protects against unfavorable renegotiation by "selling the … contract must be a sales contract if the principal's renegotiation position will be inherently inferior in the sense that (a …

Contracts adopted with later renegotiation in mind may take simple forms. In a principal-agent model, if renegotiation … may occur after the agent chooses efforet, the principal protects against unfavorable renegotiation by "selling the … contract must be a sales contract if the principal's renegotiation position will be inherently inferior in the sense that (a …