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(VF)L’objectif de cet article est d’essayer de comprendre pourquoi certaines entreprises sont amenées à renégocier leurs contrats d’externalisation. Notre postulat de départ est que le nombre de renégociations augmente avec le temps écoulé depuis la signature du contrat. Nous...
Persistent link: https://www.econbiz.de/10005111220
behavior of its manager. We analyze a situation in which a bank decides to offer a renegotiation to a distressed firm, yet the … renegotiation. We analyze the optimal renegotiation o¤er in such a setting and derive some implications about the design of firms …
Persistent link: https://www.econbiz.de/10005112718
discount factors. Afterwards, we examine different concepts of renegotiation-proofness and extend the characterization to … renegotiation-proof payoffs. …
Persistent link: https://www.econbiz.de/10004961487
private optimum are effectively undone by renegotiation and have only a small allocational effect. Welfare falls. Yet, for …
Persistent link: https://www.econbiz.de/10005040848
It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model à la...
Persistent link: https://www.econbiz.de/10005703431
range of settings - both with and without renegotiation. The theory also offers a novel perspective on franchising and …
Persistent link: https://www.econbiz.de/10005704892
Persistent link: https://www.econbiz.de/10005709487
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frequent renegotiation of concessions observed in practice. This paper shows that the fixed-term nature of contracts is the key … auction mechanism reduces the probability of selection errors and contract renegotiation, and it is simple enough to …
Persistent link: https://www.econbiz.de/10005835519