that one party is risk neutral while the other is risk averse. This paper describes a real-world contract that is widely … used - the movie exhibition contract - and argues that asymmetric information is not the main feature of the environment …

Contract today increasingly links entrepreneurial innovations to the efforts and finance necessary to transform ideas … into value. In this Chapter, we describe the match between a form of contract that "braids" formal and informal contractual … contract have emerged first in markets, and that the common law, and the theory of contract, then play catch-up. Between the …

, reducing the private firm discount. These findings suggest that these contract structures are an important channel through … titled, How Information Asymmetry Affects Contract Design: Evidence from Seller-Financed Acquisitions …

, reducing the private firm discount. These findings suggest that these contract structures are an important channel through …

a contract to Bob. If he accepts this contract then he must announce the probability distribution before any data are … some contract then the uninformed expert also accepts this contract. Hence, Alice's adverse selection problem cannot be …

seller's valuation and the buyer's valuation, and the buyer evaluates each contract according to its worst-case performance … over a set of probability distributions. This paper demonstrates that the contract that maximizes the minimum payoff over … contract for any given probability distribution is a posted price, which induces bunching. Using the e-contamination model …