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Contracting with Endogenously Incomplete Commitment: Escape Clauses
We study mechanism design under endogenously incomplete commitment as it arises in contracting with escape clauses. An escape clause permits the agent to end a contractual relationship under specified…
Working Paper
Publish date 5/28/2021
Affiliated Researcher
Press Freedom, Market Information, and International Trade
Does quality information affect international trade? We show theoretically how firms, in the absence of trustworthy information, may restrict their export activity. Exploring bilateral export flows ac…
Journal Article
Publish date 5/5/2022