Now showing items 1-2 of 2

    • Dynamic contracting under adverse selection and renegotiation 

      Maestri, Lucas Jóver
      2017
      We study the effects of renegotiation in an infinitely-repeated screening model with long-term contracts. We propose a simple and tractable recursive formulation to study equilibria in which the monopolist's profit is ...
    • The role of commitment in bilateral trade 

      Gerardi, Dino; Hörner, Johannes; Maestri, Lucas Jóver
      2014
      This paper characterizes the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes. The seller of a good is informed of its quality, which ...