A buyer wishes to purchase a durable good from a seller who in each period chooses a
mechanism under limited commitment. The buyer's value is binary and fully persistent. We …

This paper considers a multi-period setting where a monopolist, with short-term commitment,
rents one unit of a durable good to a single consumer in every period. The consumer's …

This paper endogenizes a monopolist's choice between selling and renting in a non-
anonymous durable goods setting with short-term commitment, by allowing for contracts that …

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 …