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Should Contractual Clauses that Forbid Renegotiation Always be Enforced?
Schmitz, Patrick W. - 2005
demonstrates that it may well be socially desirable not to enforce contractual terms that explicitly prevent renegotiation, even if … renegotiation can constrain the principal’s abilities to introduce distortions in order to reduce the agent’s rent, so that the …
Persistent link: https://www.econbiz.de/10010263148
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Should Contractual Clauses that Forbid Renegotiation Always be Enforced?
Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2005
demonstrates that it may well be socially desirable not to enforce contractual terms that explicitly prevent renegotiation, even if … renegotiation can constrain the principal's abilities to introduce distortions in order to reduce the agent's rent, so that the …
Persistent link: https://www.econbiz.de/10005656463
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Expectation Damages, Divisible Contracts, and Bilateral Investment
Ohlendorf, Susanne - 2008
renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no …
Persistent link: https://www.econbiz.de/10010334024
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Expectation Damages, Divisible Contracts, and Bilateral Investment
Ohlendorf, Susanne - 2006
We consider a bilateral trade setting with costless renegotiation and investment by both the buyer and the seller …
Persistent link: https://www.econbiz.de/10010263181
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Expectation damages, divisible contracts, and bilateral investment
Ohlendorf, Susanne - 2008
renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no …
Persistent link: https://www.econbiz.de/10010383019
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The role of dynamic renegotiation and asymmetric information in financial contracting
Roberts, Michael R. - In: Journal of Financial Economics 116 (2015) 1, pp. 61-81
renegotiation, whose timing is governed by the financial health of the contracting parties and uncertainty regarding the borrowers … these results in light of financial contracting theories and emphasize that renegotiation is an important mechanism for …
Persistent link: https://www.econbiz.de/10011263119
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Ex ante versus ex post expectation damages
Liu, Zhiyong; Avraham, Ronen - In: International Review of Law and Economics 32 (2012) 4, pp. 339-355
decisions to their ex post private information under fixed damages. Our results are robust when accounting for renegotiation. …
Persistent link: https://www.econbiz.de/10010593886
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The right of first offer
Hua, Xinyu - In: International Journal of Industrial Organization 30 (2012) 4, pp. 389-397
on the contracted buyer's renegotiation power and the distribution of the buyers’ valuations. This paper also discusses …
Persistent link: https://www.econbiz.de/10010577393
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Expectation Damages, Divisible Contracts, and Bilateral Investment
Ohlendorf, Susanne - Volkswirtschaftliche Fakultät, … - 2008
renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no …
Persistent link: https://www.econbiz.de/10005785836
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Producer protection legislation and termination damages in the presence of contracting frictions
Wu, Steven Y. - 2009
This study models producer protection legislation that would grant growers the right to claim damages (PPLD) if their contracts are prematurely terminated. In the absence of contracting frictions that prevent contractors from redesigning contracts to accommodate exogenous policy changes, PPLD...
Persistent link: https://www.econbiz.de/10010277255