Gerratana, Emanuele; Kockesen, Levent - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2012
This paper characterizes the equilibrium outcomes of two-stage games in which the second mover has private information and can sign renegotiable contracts with a neutral third-party. Our aim is to understand whether renegotiation-proof third-party contracts can confer a strategic advantage on...