tendency to choose more 'generous' (and more efficient) contract menus over time. Competition leads to a substantially higher …"We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two …

tendency to choose more 'generous' (and more efficient) contract menus over time. Competition leads to a substantially higher …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two …

tendency to choose more 'generous' (and more efficient) contract menus over time. We find that competition leads to a …We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden … can select one of three agents, while in a third treatment an agent may choose between the contract menus offered by two …