's type. We find that the form of the optimal contract depends on the job characteristics as well as the distribution of …

with reflections on the future of relational contract theory and practice. …

contracting clarity. Clarity refers to the extent to which the terms of a relational contract, or subjective assessment can be …

relational contract could establish cooperation through peer monitoring even under relative performance evaluation, which …

, and analyze the principal's delegation choice to authorize a senior agent to contract with a junior agent based on reports …. We consider full-commitment contracts, i.e., the principal is assured that his contract for each agent is implemented … decentralized contract are driven by their incentives to share risk, and by their incentives to re-allocate their effort choices, i …

Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their …

decisions as well. Hence, contract frames might influence the effectiveness of incentive schemes. This comment first outlines … seminal experimental studies on frames and describes recent work that relates the incentive contract literature with the …) work on individual incentives and contract frames …

In this paper, we consider a symmetric rent-seeking contest, where employees lobby for a governmental contract on … behalf of firms. The only verifiable information is which firm is assigned the contract. We derive the optimal wage contracts … of the employees and analyze, whether commitment by determining the wage contract prior to the competitor is profitable …