Sustainable development is the development that is corresponding to present needswithout compromising the future generations‘ possibilities in satisfying their own needs. Togetherwith Romania adhering to the European Union the concept of sustainable development is a priorityno matter the area...

We develop a theory of contracts with competing agencies under symmetric information and under moral hazard. In contrast to much of the literature, we allow the agencies to choose from a general contract space. Under the assumption of supermodularity, we show that in both cases the equilibria in...