Compensation contracts have been criticized for encouraging managers to manipulate information. This includes bonus schemes that encourage earnings smoothing, and option packages that allow managers to cash out early when the firm is overvalued. We show that the intransparency induced by these...

In many countries of Asia, the Middle-East and Africa the average age at marriage of both men and women has been rising significantly, while the difference between the average marriage age of men and women has been declining. Moreover, marriage patterns display a form of dualism: educated men...

We consider a model where agents work in sequence on a project, share information not available to the principal, and can collude.