distribution of agents. We prove the existence of optimal mechanisms under minimal assumptions on the contract space and prove that … centralized contracting implemented via mechanisms is equivalent to delegated contracting implemented via a contract menu under …

Recent research in contract theory on the effects of behavioral biases implicitly assumes that they are stable, in the … case. We show that in an insurance context, being insured against losses that may be incurred in a real-effort task changes … subjects' self-confidence. Our novel experimental design allows us to disentangle selection into insurance from the effects of …