contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is …In this experiment, we analyze strategic delegation in a Cournot duopoly. Owners can choose among two different …

and incentives, can induce firms to behave strategically: they will offer very low bids to be awarded the contract … the specification of the type of contract to be awarded. Less attention has been paid to the incompleteness of the … contract; this issue is relevant in the public work sector because it offers room for the contract renegotiation and, therefore …