We develop a framework for deriving dynamic monotonicity results in long-term stochastic contracting problems with symmetric information. Specifically, we construct a notion of concave separable activity that encompasses many prevalent contractual components (e.g., wage, effort, level of...

The main insight of the literature on strategic information transmissionis that even a small conflict of interest between a fully informedsender (e.g., a financial adviser) and an uninformed receiver (aninvestor) often poses considerable difficulties for effective communication.However, in many...

We develop a framework for deriving dynamic monotonicity results in long-term stochastic contracting problems with symmetric information. Specifically, we construct a notion of concave separable activity that encompasses many prevalent contractual components (e.g., wage, effort, level of...