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Contracts renegotiation in a Continuous State Space.
Nosal, E. - 1996
In this paper I demonstrate the existence an initial incomplete contract that can subsequently be renegociated to the set of first best allocations in a fairly geneal principal-agent model when the state space is continuous.
Persistent link: https://www.econbiz.de/10005638888
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Optimal At-Will Contracts.
Nosal, E. - 1996
In this paper a stylized labour contarct model is constructed where it is shown that when contracts are enforced by a … amended by assuming that the court uses an at-will rule to enforce contracts. …
Persistent link: https://www.econbiz.de/10005638901
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Optimal At-Will Contracts.
Nosal, E. - Department of Economics, University of Waterloo - 1996
In this paper a stylized labour contarct model is constructed where it is shown that when contracts are enforced by a … amended by assuming that the court uses an at-will rule to enforce contracts. …
Persistent link: https://www.econbiz.de/10005748028
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Contracts renegotiation in a Continuous State Space.
Nosal, E. - Department of Economics, University of Waterloo - 1996
In this paper I demonstrate the existence an initial incomplete contract that can subsequently be renegociated to the set of first best allocations in a fairly geneal principal-agent model when the state space is continuous.
Persistent link: https://www.econbiz.de/10005225378
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Option Contracts and Renegotiation in Complex Environments
Rasmusen, Eric Bennett; Lyon, Thomas P. - 2006
Hart & Moore (1999) construct a model to show that contracts perform poorly when the state of the world is unverifiable …
Persistent link: https://www.econbiz.de/10014135183
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Games of Incomplete Information: The Inconsistent Case.
Maschler, M. - Departament d'Economia i Història Econòmica, … - 1995
Persistent link: https://www.econbiz.de/10005572155
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Property of Nash Equilibria in Repeated Games with Incomplete Information.
Forges, F.; Minelli, E. - Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor. - 1995
Persistent link: https://www.econbiz.de/10005775628
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Market Organisation.
Weisbuch, G.; Kirman, A.P.; Herreiner, D. - Groupement de Recherche en Économie Quantitative … - 1996
In real markets, price adjustment and the matching of buyers and sellers involve considerable exchange of information …
Persistent link: https://www.econbiz.de/10005634425
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Collusion Under Asymmetric Information.
Laffont, J.J.; Martimort, D. - Groupe de Recherche en Économie Mathématique et … - 1996
Persistent link: https://www.econbiz.de/10005780423
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Delays in Bargaining With Incompelete Contracts.
Wait, A. - Department of Economics, Faculty of Business and Economics - 2001
Existing theories typically focus on asymmetric information to explain delays in bargaining. This is not always … surplus; contracts are incomplete; and the parties are wealth constrained. …
Persistent link: https://www.econbiz.de/10005574851