derive the optimal contract for both experimentation and production when the agent has private information about his … efficiency in experimentation. This private information in the experimentation stage generates asymmetric information in the … asymmetric information is endogenously determined by the length of the experimentation stage. An optimal contract uses the length …

We investigate the role of information feedback in rent-seeking games with two different contest structures. In the … deterministic contest she receives a share of the rent equal to her share of rent-seeking expenditures. Information feedback has …