We consider a model in which customers sequentially negotiate nonexclusive credit or insurance contracts from multiple …

show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of … that hardly explains the many features of an insurance contract. We extend this setup to include the situation that the …

Several recent papers argue that contracts provide reference points that affect ex post behavior. We test this … effect of contracts on bargaining threatpoints. We compare situations in which an initial contract is renegotiated to …