We consider an incomplete contracting model in which the decision process consists of the project choice and execution effort. Each party has an imperfectly informative private signal on the promising project and successful execution requires the agent's effort. Revelation of the principal's...

We study political competition among parties with policy-motivated candidates and demonstrate two-party competition where one of them has no chance of winning in the general election. If there are multiple candidates in a party, then the party can nominate the representative contingent on who...