commitment. By allowing the principal to use general communication devices we overcome the literature's common, but overly … restrictive focus on one-shot, direct communication. In addition, general communication devices solve two fundamental problems of … the message spaces of the communication device. An example illustrates our arguments and the suboptimality of one …

certification schemes involve two substitutable dimensions-the fee structure and the disclosure rule. In the context of a canonical …) distributions of rents; adjustments in the disclosure dimension can fully mitigate restrictions in the fee dimension, but these …

involve two substitutable dimensions-the fee structure and the disclosure rule-and adaptations in the disclosure dimension can …