We study the principal-agent problem when there is nominal risk. We find that when nominal data are gathered with delay, fully indexed contracts are not time consistent, not renegociation proof.

Slippery slopes have been the topic of a spate of recent literature. In this Article, the authors provide a general theory for understanding and evaluating slippery slope arguments (SSAs) and their associated slippery slope events (SSEs). The central feature of the theory is a structure of...