摘要：Watson (2007) proposes non-forcing contracts as a way to show the limitations of the mechanism design program with ex-post renegotia-tion (Maskin and Moore (1999)). If one takes a partial implementation approach, as Watson does, we show that non-forcing contracts do not con-stitute an intermediate paradigm between implementation with no renego-tiation and with ex-post renegotiation. Moreover, taking a full implemen-tation approach, non-forcing contracts fail if and only if one goes outside of the constraints identified by Maskin and Moore, because of the appearance of undesirable equilibria
