can run autonomously as a smart contract on a blockchain platform, and hence it does not rely on a central trusted …

information. This strategy affects the properties of the optimal contract, which grows closer to the first best. This research … provides insights into the implications of mentalizing for agency theory. …

A central insight of agency theory is that when a principal offers a contract to a privately informed agent, the … particular, we investigate settings with both exogenous and endogenous information structures. We find that theory is indeed a …

uncertain about which contract will be implemented, can increase the payoff of the high type principal to approximate her full …

multiplicative separability condition, the optimal mechanism offers a single contract. This condition holds, for example, when output … likelihood ratio property, the mechanism offers a single debt contract. Our results generalize if the output distribution is … “close” to multiplicatively separable. Our model suggests that offering a single contract may be optimal in environments with …

with reflections on the future of relational contract theory and practice. …