We study a simple contracting game with a principal and two agents. Contracts exert an externalities on non contractors …

Pigouvian taxes are often used to limit environmental externalities such as pollution. We argue that consumer contracts generate …This is a a slide presentation accompanying "Pigouvian Contracts" available at http://ssrn.com/abstract=4019686 … externalities by overwhelming consumers’ attention. Depleting each consumer’s attention harms consumers collectively because lower …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …

encompasses many economic models with externalities and outside options. We show that when outside options are pure (i …

efficient, regardless of externalities created by interim actions. Otherwise, in the presence of externalities on outside …

where contracts may impose externalities on other agents. The paper derives several properties of the Markov perfect …This paper proposes a model for multilateral contracting, where contracts are written and renegotiated over time, and … and monotonic on the contracts. If the grand coalition is not efficient we show that bargaining delays arise in positive …

We examine the effects of mandating compensation disclosure on executive incentive contracts, earnings management, firm … who allocates resources across firms to verify earnings management. With such scrutiny allocation, contracts exhibit … externalities that create a coordination problem among principals. Contract disclosure enables principals to design the contract …

be contracted for. With these simple contracts, we show that delegation is an alternative to contracting to elicit agent …This paper addresses the question of delegation in an organisation where there is an initial asymmetry of information … sequence of decisions, the information learned by the principal can be used for the other decisions. So delegation is only …

outweighs these costs and delegation could dominate centralization of all decisions by the principal, even in the case where she …This paper addresses the question of delegation in a partial contracting set-up, where only the control over actions is … with delegation, is valuable for the principal if she retains control over the second decision. Hence, this paper provides …