setting, we examine the implications of incomplete contracting theory for debt contract design. Consistent with incomplete … contracting theory, we find that, as renegotiation costs fall, the maturity of debt contracts lengthens, the likelihood of …

This study examines whether a firm’s leverage can be used strategically to improve its bargaining position with an … with the highest union labor coverage has the highest leverage. We also find that collective bargaining power positively … affects leverage through the regression of leverage on the bargaining power of the labor union, regardless of the analysis …

consumption, such as an insurer bargaining with hospitals. We show that the common Nash- in-Nash solution, while useful for …