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How Do Informal Agreements and Renegotiation Shape Contractual Reference Points?

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NBER2011-10-01 更新2025-01-04 收录
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Previous experimental work provides encouraging support for some of the central assumptions underlying Hart and Moore (2008)'s theory of contractual reference points. However, existing studies ignore realistic aspects of trading relationships such as informal agreements and ex post renegotiation. We

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2011-10-01
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