, which offer important new insights into the interaction of contract choices, fairness and incentives. …

parameters of the output probability distribution are in an ellipsoidal uncertainty set. The firm evaluates any contract by its … agent has limited liability. We find that when the agent is financially risk neutral, the optimal robust contract is a … linear contract—paying the agent a base payment and a fixed share of the output. Moreover, the linear contract is the only …

This Article identifies and examines the principal-agent problem as it arises in the context of contract preparation … made. The preliminary task of preparing the contract, however, is not viewed as part of the economic agency analysis. This … respect to the particular task of preparing the written contract. While preparing the contract on behalf or for the benefit of …

. Focusing on scoring rules, we find a contract that allows the principal to achieve the first best: the principal can induce the …