We study a principal-agent model wherein the agent is better informed of the prospects of the project, and the project requires both observable and unobservable input. We characterize the optimal contracts, and explore the trade-offs between high and low-powered incentive schemes. We discuss the...

We provide a game-theoretic analysis of countries strategic allocations of resources among different sports and athletes performance at the Olympic Games. Individuals face opportunity costs of spending efforts and countries maximize their expected number of medals. We suggest several proxy...