Contract Renegotiation Under Asymmetric Formation
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Contract Renegotiation Under Asymmetric Formation
Author | : Sonje Kerrin Reiche |
Publisher | : |
Total Pages | : |
Release | : 2001 |
Genre | : |
ISBN | : |
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In this article it is demonstrated that voluntary bargaining over a collective decision under asymmetric information may well lead to ex post efficiency if the
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The authors construct a regulation model in which renegotiation occurs due to the imperfect enforcement of concession contracts. This enables the authors to pro