We study the relationship between delegation within organizations and innovation incentives. When a firm owner deals with a privately informed manager who undertakes an unverifiable R&D decision, we show that an organizational mode awarding autonomy to the manager spurs innovation incentives...

We explore the strategic value of quantity forcing contracts in a manufacturer-retailer environment under both adverse selection and moral hazard. Manufacturers dealing with (exclusive) competing retailers may prefer to leave contracts silent on retail prices, whenever other aspects of the...

We build on the existing literature in public-private partnerships (PPP) to analyze the main incentive issues in PPPs and the shape of optimal contracts in those contexts. We present a basic model of procurement in a multitask environment in which a risk-averse firm chooses noncontractible...