all-units discounts arise in optimal contracts between upstream and downstream firms with market power who make non …

for analyzing optimal incentive contracts within a general equilibrium framework. We propose several models that study the …

We study the costs and benefits of additional information in agency contracts, when there is the possibility of …

We analyze contracts between a large buyer and her suppliers. We find that contracts with critical product suppliers … contractual protections against it. Over time, contracts with the same supplier include additional provisions that address moral … hazard through monitoring. This dynamic effect is strongest for service contracts, where observability and verifiability are …

This paper characterizes the optimal contracts issued to suppliers when delivery is subject to disruptions and when … reduces the risk of disruption. The manufacturer (buyer) either issues symmetric contracts or selects one supplier as a major …

I show that deterministic dynamic contracts between a principal and an agent are always at least as profitable to the … correlation of stochastic contracts across periods that the usual restriction in the literature to deterministic contracts is …

show how the law of insurance contracts should allow insurers to incentivize policyholders to exert an adequate level of …