This paper examines a two-period principal and agent model where the agent's ability level is not observable to the principal and revealed to the agent only after the contract is signed. The value of the agent's output to the principal is affected by the agent's collegiality, which is unknown to...

The modeling of healthcare components and systems in order to develop a complete understanding of component interactions is one of the more challenging simulation and modeling problems for software agent systems. This book provides relevant theoretical frameworks and the latest empirical...

This note concerns the selection of objectives to be held when compensating sellers for buyer's breach. Our legal system employs the objective of the protection of expectation interest, which holds that the seller should be made as well off as he or she would have been had the contract not been...