the agent. As information about quality accumulates, incentives become easier to provide because the agent has less room … incentives via short-term contracts become harder to provide as the agent's quality is revealed over time. …

cost information. The OEM can contract with the two suppliers either simultaneously or sequentially. We consider both cases …

offers a menu of contracts, each of which consists of two parameters: the ordering quantity and the supplier's share of the … analysis is that information asymmetry alone does not necessarily induce loss in channel efficiency. The optimal contract can …

The aim of this paper is to interpret the relationships between information networks and the armed conflict in Colombia … paramilitaries were preparing each slaughter counting information previously learned between the inhabitants of the town. For these … reasons, it is shown that information is a key phenomenon to understand civil wars. Moreover, as demonstrated in this work is …

In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and … and, in particular, Hart and Moore's notion that contracts provide reference points. In this paper, we examine … tradeoff between rigidity and flexibility in a trading environment with incomplete contracts and ex ante uncertainty about the …

that there is no loss from restricting the analysis to contracts in which the Agent is supposed to exert effort every … family of fixed interval review contracts is characterized and shown to achieve first best as delta approaches 1. The optimal …