Silva, Francisco - In: Theoretical economics : TE ; an open access journal in … 14 (2019) 3, pp. 971-1014
I consider the interaction between an agent and a principal who is unable to commit not to renegotiate. The agent's type only affects the principal's utility. The principal has access to a public signal, correlated with the agent's type, which can be used to (imperfectly) verify the agent's...
