lenient and discriminate poorly between good performances. I show that this pattern is part of the optimal contract instead of … biased behavior. Furthermore, it is possible to implement the optimal contract in an ex-post budget-balanced way if … stochastic contracts are feasible. …

for analyzing optimal incentive contracts within a general equilibrium framework. We propose several models that study the … affect the optimal incentive contract. Finally, we discuss the effect of the existence of moral hazard on the nature of the …

contract on an outside signal in a principal-agent model in which I introduce imprecise (or vague) information. The paper …

We experimentally test the efficacy of indenture as a self-enforced contract device. In an indenture game, the …

Vertragstheorie - ausgewählte Ansatzpunkte zur Betrugsbekämpfung und insbesondere das Problem der Sanktionierung von ertappten … using existing results of contract theory. …

The present paper is a first attempt to develop a theoretical model using a short-term vis-à-vis long-term contract …-term contracts, where donor countries are able to adjust the aid amount to reflect environmental change (broadly defined to take into … model presented in this paper, donor countries balance these two contract schemes to determine the endorsement or rejection …

This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to … incomplete contract. It is shown that the efficiency of these solutions is very sensitive to the characteristics of the good or … possible relational contracts. In many situations, total output may be increased through the use of performance pay and through …