A contract where the agent is compensated ex post only upon satisfactory performance, often called a no-cureno-pay contract, can arise as under several circumstances. In this paper, we model the problem of contractual choice as a principal-agent contract which is modified due to hidden...

1. Introduction -- 1. Collective decisions and power structure -- 2. Social choice -- 3. Games and game forms -- 4. The effectivity functions of a game form -- 5. Effectivity functions and cooperative games -- 6. An overview of the book -- 7. Notes -- 2. The structure of effectivity functions --...