Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in … design has to regard an equity constraint that has so far been neglected by contract theory. In fact, most contract offers …

that are well known from game theory and evolutionary game theory to solve these games. For illustration we include two …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …