This paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game …-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first … deciding about renegotiation. A second more theoretical indicator is derived to analyze the economic and financial variables …

Contracts adopted with later renegotiation in mind may take simple forms. In a principal-agent model, if renegotiation … may occur after the agent chooses efforet, the principal protects against unfavorable renegotiation by "selling the … contract must be a sales contract if the principal's renegotiation position will be inherently inferior in the sense that (a …

provisions in the North American Free Trade Agreement (NAFTA) renegotiation, its challenges and opportunities. The critical … continuity through a process of renegotiation among the three partners. The method used is the critical analysis based mainly in … opportunities for SMEs. Finally, the analysis establish some possible scenarios post-NAFTA renegotiation and some strategic …

incomplete and shaped by ex-post renegotiation. The financing of innovative firms must balance two goals. On the one hand, since … renegotiation, embeds a "put option" into the firm's capital structure. The put is exercised when liquidation is efficient, and it …

contract renegotiation is a powerful tool for incentive provision, despite the stationarity of the environment. Continuation … contracts are renegotiated away. This form of anticipated renegotiation results in welfare improvements over outcomes attainable … shown to satisfy various concepts of renegotiation-proofness. …

renegotiation, potentially undermining the credibility of cooperative strategies. To explore this issue, this paper experimentally …

We develop a sovereign default model with debt renegotiation in which interest-rate shocks affect default incentives … the 1982 Mexican default, which followed a large increase in US interest rates. Our novel renegotiation mechanism is key …