Option Contracts and Renegotiation in Complex Environments

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Discussion Papers are a series of manuscripts in their draft form. They are not intended for circulation or distribution except as indicated by the author. For that reason Discussion Papers may not be reproduced or distributed without the written consent of the author. CIRJE-F-118 Option Contracts and Renegotiation in Complex Environments Thomas P. Lyon Indiana University Eric Rasmusen The University of Tokyo / Indiana University June 2001

Transcript of Option Contracts and Renegotiation in Complex Environments

Discussion Papers are a series of manuscripts in their draft form. They are not intended for

circulation or distribution except as indicated by the author. For that reason Discussion Papers may

not be reproduced or distributed without the written consent of the author.

CIRJE-F-118

Option Contracts and Renegotiationin Complex Environments

Thomas P. LyonIndiana University

Eric RasmusenThe University of Tokyo / Indiana University

June 2001

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