Agency explanations of the venture capital process routinely assume that entrepreneurs and venture capitalists have time-consistent (“TC”) preferences, and thus perfect self-control. Given the growing evidence on self-control problems, from both experiments and field studies, it is natural...

Existing incomplete contracting models assume that contracting parties have perfect self-control. This Article approaches the incomplete contracting problem from a new perspective, one that brings to the foreground the potential self-control problems faced by contracting parties. In particular,...

This article develops a new theory of interconnected financial contracts. It focuses on a common type of interconnected contracting scenario, in which party A enters into a contract with B, and B enters into a separate contract with C. While A and C are not in privity of contract, their common...