With the dramatic progress of artificial intelligence algorithms in recent times, it is hoped that algorithms will soon supplant human decision-makers in various fields, such as contract design. We analyze the possible consequences by experimentally studying the behavior of algorithms powered by...

This paper introduces the dual-contract design via Q-learning methods. In contrast to the standard principal-agent problem (a principal and an agent), we emphasize that the dual-contract problem can also be recognized as a dual-principal-agent problem (two principals and an agent). The method...