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Vertical coordination through renegotiation

Bedre-Defolie, Özlem - 2011

manufacturer fail in its subsequent negotiation with the second retailer. Renegotiation from scratch induces the first contracting …

Persistent link: https://www.econbiz.de/10010352097

Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion

Herweg, Fabian; Karle, Heiko; Müller, Daniel - 2014

renegotiation. If the buyer expects renegotiation always to take place, the parties are always able to implement the materially … efficient good ex post. It can be optimal for the buyer, however, to expect that renegotiation does not take place. In this case …

Persistent link: https://www.econbiz.de/10010352374

Matching, wage rigidities and efficient severance pay

Fella, Giulio - 2012

This paper studies the effect of mandated severance pay in a matching model featuring wage rigidity for ongoing, but not new, matches. Mandated severance pay matters only if binding real wage rigidities imply inefficient separation under employment at will. In such a case, large enough severance...

Persistent link: https://www.econbiz.de/10010368175

Contract, renegotiation, and hold up: Results on the technology of trade and investment

Watson, Joel; Buzard, Kristy - In: Theoretical Economics 7 (2012) 2, pp. 283-322

, and renegotiation. Trade actions are modeled as individual and trade-action-based option contracts ("non-forcing contracts … that, with ex post renegotiation, constraining parties to use "forcing contracts" implies a strict reduction in the set of …

Persistent link: https://www.econbiz.de/10011599463

Auctions versus negotiations: The effects of inefficient renegotiation

Herweg, Fabian; Schmidt, Klaus M. - 2017

For the procurement of complex goods the early exchange of information is important to avoid costly renegotiation. If …). Bilateral negotiations are superior if potential design improvements are important, if renegotiation is particularly costly, and …

Persistent link: https://www.econbiz.de/10011663451

Delegation with incomplete and renegotiable contracts

Gerratana, Emanuele; Koçkesen, Levent - 2008

unobservable and incomplete contracts with and without renegotiation opportunities under the assumption that the principal cannot … outcomes to a subset of Nash equilibrium outcomes and renegotiation imposes further constraints. Yet, there is a large class of …

Persistent link: https://www.econbiz.de/10012060226

Bribery, Hold-Up and Bureaucratic Structure

Bennett, John; Rablen, Matthew D. - 2018

We analyze the provision of infrastructure by a foreign investor when the domestic bureaucracy is corrupt, but puts some weight on domestic welfare. The investor may pay a bribe in return for a higher provisional contract price. After the investment has been sunk, the bureaucracy may hold up the...

Persistent link: https://www.econbiz.de/10011873597