Rui R. Zhao

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a r t i c l e i n f o a b s t r a c t JEL classification: C73 D82 L14 J30 Keywords: Repeated principal–agent Self-enforcing contracts Renegotiation Private evaluation Renegotiation and conflict resolution are studied in relational contracting under subjective evaluation. Renegotiation has three effects. First, it makes the incentive pay scheme low powered:(More)
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