Objects of different quality are to be allocated to agents. Agents can receive at most one object, and there are not enough high-quality objects for every agent. The value to the social planner from allocating objects to any given agent depends on that agent's private information. The social...

I consider the interaction between an agent and a principal who is unable to commit not to renegotiate. The agent's type only affects the principal's utility. The principal has access to a public signal, correlated with the agent's type, which can be used to (imperfectly) verify the agent's...

I consider the interaction between an agent and a principal who is unable to commit not to renegotiate. The agent's type affects only the principal's utility. The principal has access to a public signal, correlated with the agent's type, that can be used to (imperfectly) verify the agent's...