Showing 1 - 9 of 9
Persistent link: https://www.econbiz.de/10000870189
Persistent link: https://www.econbiz.de/10003741670
Persistent link: https://www.econbiz.de/10011376697
Persistent link: https://www.econbiz.de/10009519687
Persistent link: https://www.econbiz.de/10011495887
Persistent link: https://www.econbiz.de/10002185363
Persistent link: https://www.econbiz.de/10001181462
Persistent link: https://www.econbiz.de/10011643388
This paper experimentally studies stipulated damages as a rent-extraction mechanism. We demonstrate that contract renegotiation induces the sellers to propose the lowest stipulated damages and the entrants to offer the highest price more frequently. We show that complete information about the...
Persistent link: https://www.econbiz.de/10014167645