Search Results - subject:"forcing contracts"

Contract, renegotiation, and hold up: Results on the technology of trade and investment

Watson, Joel; Buzard, Kristy - In: Theoretical Economics 7 (2012) 2, pp. 283-322

, and renegotiation. Trade actions are modeled as individual and trade-action-based option contracts ("non-forcing contracts … that, with ex post renegotiation, constraining parties to use "forcing contracts" implies a strict reduction in the set of …

Persistent link: https://www.econbiz.de/10011599463

Contract, renegotiation, and hold up: Results on the technology of trade and investment

Watson, Joel; Buzard, Kristy - In: Theoretical Economics 7 (2012) 2

Persistent link: https://www.econbiz.de/10009147129

Contract, renegotiation, and hold up : results on the technology of trade and investment

Buzard, Kristy; Watson, Joel - In: Theoretical economics : TE ; an open access journal in … 7 (2012) 2, pp. 283-322

Persistent link: https://www.econbiz.de/10011690733

Contract, Renegotiation, and Hold Up: Results on the Technology of Trade and Investment

Buzard, Kristy; Watson, Joel - Department of Economics, University of California-San … - 2010

actions, that plays a key role in determining whether efficient investment and trade can be achieved. By using non-forcing … contracts, the party without the trade action can be made residual claimant with regard to the investment action, which implies …

Persistent link: https://www.econbiz.de/10010843064

Contract, Mechanism Design, and Technological Detail

Watson, Joel - Department of Economics, University of California-San … - 2006

This paper develops a theoretical framework for studying contract and enforcement in settings with nondurable trading opportunities and complete but unverifiable information. The framework explicitly accounts for the partiesâ€™ individual trade actions. The sets of implementable...

Persistent link: https://www.econbiz.de/10011130685