Feess, Eberhard; Gerfin, Michael; Muehlheusser, Gerd - 2010
Recent theoretical research has identified many ways how contracts can be used as rent-seeking devices vis-à-vis third … the player. Because they weaken entrants in renegotiations, long-term contracts are useful rent-seeking devices for the … incumbent teams tend to benefit more from long-term contracts in renegotiations than players do, these must be compensated ex …