Publication: Commitment with renegotiable debt contracts and verifiable cash flow
Program
KU-Authors
KU Authors
Co-Authors
Advisor
Publication Date
2008
Language
English
Type
Journal Article
Journal Title
Journal ISSN
Volume Title
Abstract
We study a Buyer-Seller relationship with one-sided relationship-specific investment. Debt commits the Seller not to trade at a low price even though it is renegotiable, and the cash flow is verifiable.
Description
Source:
Economics Letters
Publisher:
Elsevier Science Sa
Keywords:
Subject
Economics