On the welfare effects of allowing unlimited renegotiation in agency relationships
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References listed on IDEAS
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More about this item
KeywordsPrincipal–agent problem; Limited versus unlimited renegotiations; Value of limiting commitment; C70; D82; D83; D86;
- C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- D86 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Economics of Contract Law
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