Martimort, D.; Poudou, J.-C.; Sand-Zantman, W. - Université de Montpellier 3 - 2006
This article analyzes the optimal contract design between an inventor and a developer. The inventor is privately informed on the value of his idea. The developer must exert some non-verifiable effort to improve the probability of success of this innovation but may also choose to opt out of the...