contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits … subgame perfect equilibrium prediction when asymmetric contracts are given. …

his employer. This paper uses a principalagent model to study optimal incentive contracts for envious workers under …

In many markets supply contracts include a series of small, regular payments made by consumers and a single, large … bonus contracts, which builds on a model of attentional focusing. Our main result identifies market conditions under which … bonus contracts should be observed: while a monopolist pays a bonus to consumers - if at all - only for low-value goods …

are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use … exogenous variation in weather shocks to show that the largest firms on tenant-paid contracts use up to 14 percent less …

' private information about risk tolerance, offer a sensible way to approach the problem. These contracts are generally a …

We examine the power of incentives in bureaucracies by studying contracts offered by a bureaucrat to her agent. The …-powered incentives remain even in an alternative centralized setting, where the funding authority contracts directly with the agent using …

Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings …. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that … the implicit assumption of deterministic contracts makes payments to third parties necessary. This paper studies …