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This paper characterizes equilibrium outcomes of extensive form games with incomplete information in which players can sign renegotiable contracts with third-parties. Our aim is to understand the extent to which third-party contracts can be used as commitment devices when it is impossible to...
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contract. While enabling the principal to plan and control the project process better, the IPE may also adversely affect the … involves subjective measures, not using IPE may be in the principal's interest; the reason is that the contract now features a …
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