information and incentives to invest in quality, a comprehensive contract is likely to be more efficient. These findings offer an …

When the information used by a principal to monitor an agent is private, and thus non-verifiable by a third party, the … information in order to collect a monetary penalty from him. Restoring credibility may lead to an extreme waste of resources … efficient outcome is feasible by exploiting the timing of private information. If the private information arrives before the …

This paper studies how information control affects incentives for collusion and optimal organizational structures in … productive agent's private information and the supervisor and agent may collude. I show that the principal optimally delegates …

This paper studies how information control affects incentives for collusion and optimal organizational structures in … productive agent's private information and the supervisor and agent may collude. I show that the principal optimally delegates …