We add social norms into Laffont’s mechanism designed for environmental risk. We find with endogenous social norms and asymmetric information about personal norms, the optimal contract induces more (less) effort from the “green” (“brown”) firm.

Contests often involve players vying for the same prize year after year. This paper characterizes equilibrium effort, both individual and aggregate, in a general parameterization of such repeated contests.

Contests often involve players vying for the same prize year after year. This paper characterizes equilibrium effort, both individual and aggregate, in a general parameterization of such repeated contests.

Contests often involve players vying for the same prize year after year. This paper characterizes equilibrium effort, both individual and aggregate, in a general parameterization of such repeated contests.