A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the …

and seller in which contracting occurs over T periods, where each time the agent consumes the object, she receives a …

This paper studies a continuous-time, nite-horizon contracting problem with renegotiationand dynamic inconsistency …-proof contract as a Markov Perfect Equilibrium(MPE) of the game, prove such a MPE exists, and characterize the optimal contractvia an … extended Hamilton-Jacobi-Bellman system. We solve the optimal contract inclosed form when the discount functions of the selves …

. Focusing on scoring rules, we find a contract that allows the principal to achieve the first best: the principal can induce the …

We study the canonical adverse selection contracting model using new techniques from generalised convex analysis. The …

incentives, enhances contracting …

This paper adds to the current literature on incomplete contracting that argues that deviating from a complete …

contract simplification and forego strategic obfuscation. As a result, the costs to consumers of comprehending would decrease …