Holden, Helge; Holden, Lars; Holden, Steinar - In: Journal of Economic Dynamics and Control 34 (2010) 4, pp. 657-680
Consider trade in continuous time between two players. The gains from trade are divided according to a contract, and at each point in time, either player may unilaterally induce a costly adjustment of the contract. Players' payoffs from trade under the contract, as well as from trade under an...