This paper analyzes the relationship between a central banker and his partisan political principals. Incentive contracts for central bankers are not designed by social planners but by partisan political principals who obey to their own incentives.

This paper tries to reconcile incentive theory with transaction costs theory. we first discuss the fundamental assumptions underlying the use of the Revelation Principle in the standard mecanisme design literature and show how various contractual incompletenesses and externalities induced by...

Dans cet article, nous proposons un cadre unifie permettant de rendre compte des developpements les plus recents de la theorie de la discrimination par le prix. Ces developpements ont pour denominateur commun le desir de relacher les hypotheses sous-tendants le cas desormais classique de la...