{
 "@context": "https://schema.org",
 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/renegotiation",
 "identifier": "kaal:entity:renegotiation",
 "name": "Renegotiation",
 "termCode": "renegotiation",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
 "canonicalForm": "https://wulfkaal.github.io/entities/renegotiation.md",
 "sha256": "d3e981564197569b30e78173aaaf64425ed12d7d0f3b66ce274dcce2c48f892f",
 "additionalProperty": [
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   "name": "status",
   "value": "derived"
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   "value": 2
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   "value": 2
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   "@type": "PropertyValue",
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   "value": [
    "2021",
    "2021"
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 ],
 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782203-019",
   "identifier": "kaal:claim:3782203-019",
   "text": "Allowing periodic opportunities for renegotiation lets players escape the grim trigger trap, but it does not improve outcomes overall because it creates new incentives to defect and then gamble on talking one's way out of the punishment.",
   "abstract": "Or if you allow periodic opportunities for renegotiation, then you might be able to get out of a grim trigger trap. This sounds like it would improve outcomes, but in fact it gives new opportunities for defecting/cheating.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, A Technical Perspective on Decentralization (2021). SSRN: https://ssrn.com/abstract=3782203",
   "datePublished": "2021",
   "claim_type": "failure",
   "confidence": "argued",
   "is_failure_mode": true,
   "scope_conditions": [
    "repeated games with renegotiation windows"
   ],
   "source_pdf_sha256": "ab8a22d0dbb026a09212a4c85963f3c05787cf80775e8613ae3724e3883e7a56",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/3782205-029",
   "identifier": "kaal:claim:3782205-029",
   "text": "Renegotiating contracts every time the currency's value changes is expensive and continually and randomly punishes at least one of the contracting parties.",
   "abstract": "Renegotiating contracts whenever the currency changes is expensive, and continually and randomly punishes at least one of the parties.",
   "citation": "Craig Calcaterra, Wulf A. Kaal, Eight Institutions for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782205",
   "datePublished": "2021",
   "claim_type": "mechanism",
   "confidence": "argued",
   "is_failure_mode": false,
   "scope_conditions": [
    "contracts denominated in a fluctuating currency"
   ],
   "source_pdf_sha256": "5ba52c63e81019b6867fb29c4a50821ff574e510d79b31b8ce9f4c726a0ebc71",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'renegotiation'. Derived node: a roster, not an adjudicated definition."
}