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European Journal of Operational Research, ISSN 0377-2217, 03/2016, Volume 249, Issue 3, pp. 1033 - 1049
Journal Article
by Levin J
The American Economic Review, ISSN 0002-8282, 06/2003, Volume 93, Issue 3, pp. 835 - 857
Standard incentive theory models provide a rich framework for studying informational problems but assume that contracts can be perfectly enforced. This paper... 
Moral hazard models | Economic theory | Repeated games | Incentive pay | Performance metrics | Cost incentives | Surplus | Contract incentives | Contracts | Cost efficiency | AGENT | REPEATED GAMES | MORAL HAZARD | INFORMATION | PERFORMANCE | PRINCIPAL | COLLUSION | ECONOMICS | UNEMPLOYMENT | EXPLICIT | IMPLICIT CONTRACTS | Economic aspects | Employee incentives | Analysis | Compensation management | Studies | Economic models | Incentives | Optimization
Journal Article
Econometrica, ISSN 0012-9682, 09/2019, Volume 87, Issue 5, pp. 1589 - 1631
We obtain a recursive formulation for a general class of optimization problems with forward‐looking constraints which often arise in economic dynamic models,... 
Recursive methods | limited commitment | saddle‐points | Bellman equations | time inconsistency | Lagrangian multipliers | dynamic optimization | Ramsey equilibrium | limited enforcement | Federal Reserve banks | Analysis | Economic models
Journal Article
2005, ISBN 0262025760, xvi, 724
Book
The Quarterly Journal of Economics, ISSN 0033-5533, 2/2008, Volume 123, Issue 1, pp. 1 - 48
We argue that a contract provides a reference point for a trading relationship: more precisely, for parties' feelings of entitlement. A party's ex post... 
Composers | Employment contracts | Trade | Economic models | Total surplus | Market prices | Contract law | Surplus | Weddings | Contracts | ORGANIZATION | COSTS | PREFERENCES | EQUILIBRIUM | FAIRNESS | ECONOMICS | INCOMPLETE CONTRACTS | RECIPROCITY | PROPERTY-RIGHTS | FIRM | UNEMPLOYMENT | Commerce | Research | Organizational learning
Journal Article
The American Economic Review, ISSN 0002-8282, 2/2015, Volume 105, Issue 2, pp. 536 - 563
We consider a moral hazard problem where the principal is uncertain as to what the agent can and cannot do: she knows some actions available to the agent, but... 
Economic models | Capital costs | Moral hazard models | Economic theory | Uncertainty principle | Technology | Guarantees | Modeling | Limited liability | Contract incentives | ECONOMICS | MORAL HAZARD | INCENTIVE CONTRACTS | MECHANISM DESIGN | Robust statistics | Uncertainty | Analysis | Economic aspects | Risk (Economics) | Models | Contracts | Studies | Payoffs | Incentives | Behavior | Generalized linear models
Journal Article
Economic Theory, ISSN 0938-2259, 06/2019, pp. 1 - 44
We examine the impact of so-called Crisis Contracts. Under a Crisis Contract, bank managers are required to contribute a pre-specified share of their past... 
Stockholders | Economic models | Bank management | Banking
Journal Article
The American Economic Review, ISSN 0002-8282, 09/2005, Volume 95, Issue 4, pp. 913 - 935
We develop a model of matching with contracts which incorporates, as special cases, the college admissions problem, the Kelso-Crawford labor market matching... 
Law of demand | Algorithms | Contract theory | Economic theory | Aggregate demand | Auctions | Dominant strategy | Wages | College admission | Contracts | CONFLICT | DESIGN | MECHANISM | STABILITY | COLLEGE ADMISSIONS | LEVEL LABOR-MARKETS | STABLE MATCHINGS | GROSS SUBSTITUTES | ECONOMICS | ALLOCATION | PHYSICIANS | Studies | Employment contracts | Labor economics | Economic models | Matching concept
Journal Article
Journal Article
The American Economic Review, ISSN 0002-8282, 03/2009, Volume 99, Issue 1, pp. 265 - 294
Thinking about contingencies, designing covenants, and seeing through their implications is costly. Parties to a contract accordingly use heuristics and leave... 
Incomplete contracts | Contract negotiations | Sellers surplus | Trade gains | Bargaining power | Cognition | Economic costs | Transaction costs | Contracts | Contract incentives | COSTS | COMMITMENT | INFORMATION | MARKETS | HOLD-UP | COMPLEXITY | CONTINGENCIES | ECONOMICS | RENEGOTIATION | PROPERTY-RIGHTS | INVESTMENTS | Research | Studies | Economic models | Heuristic
Journal Article
The American Economic Review, ISSN 0002-8282, 06/2008, Volume 98, Issue 3, pp. 1189 - 1194
Hatfield and Milgrom (2005) present a unified model of matching with contracts phrased in terms of hospitals and doctors, which subsumes the standard two-sided... 
Research fellowships | Economic models | Contract theory | Economic theory | Labor markets | Shorter Papers | Guarantees | Wages | Auction markets | Job openings | Contracts | DESIGN | MARKET | WAGES | PRICE-COMPETITION | GROSS SUBSTITUTES | ECONOMICS | SCHOOL MATCH | Matching theory | Research | Medical personnel | Auctions | Allocations | Hospitals | Preferences
Journal Article
The American Economic Review, ISSN 0002-8282, 8/2013, Volume 103, Issue 5, pp. 2050 - 2051
The matching with contracts model (Hatfield and Milgrom 2005) is widely considered to be one of the most important advances of the last two decades in matching... 
Mathematical functions | Shorter Papers | Economic theory | Modeling | Mathematical lattices | STABLE MATCHINGS | ECONOMICS | LATTICE STRUCTURE | Matching theory | Models | Contracts | Studies | Economic models
Journal Article
Duke Law Journal, ISSN 0012-7086, 11/2017, Volume 67, Issue 2, pp. 313 - 382
Smart contracts are self-executing digital transactions using decentralized cryptographic mechanisms for enforcement. They were theorized more than twenty... 
CONSENT | PROMISES | LAW | UNCONSCIONABILITY | CIVIL RECOURSE | Laws, regulations and rules | Models | Contracts
Journal Article
Journal of Economic Literature, ISSN 0022-0515, 12/2014, Volume 52, Issue 4, pp. 1075 - 1118
Journal Article
ACM Computing Surveys (CSUR), ISSN 0360-0300, 07/2016, Volume 49, Issue 1, pp. 1 - 36
Behavioural type systems, usually associated to concurrent or distributed computations, encompass concepts such as interfaces, communication protocols, and... 
Behavioural types | CHOREOGRAPHY | PI-CALCULUS | UNION TYPES | LANGUAGE PRIMITIVES | INTERSECTION | SYSTEM EQUIVALENT | SERVICES | DISCIPLINE | COMPUTER SCIENCE, THEORY & METHODS | MODEL | COMMUNICATION | Information behavior | Analysis | Foundations | Computation | Behavioural | Software | Languages | Contracts | Computer programs | Programming Languages | Formal Languages and Automata Theory | Computer Science
Journal Article
The American Economic Review, ISSN 0002-8282, 6/2007, Volume 97, Issue 3, pp. 916 - 943
We develop a tractable framework for the analysis of the relationship between contractual incompleteness, technological complementarities, and technology... 
Productivity | Incomplete contracts | Return on investment | Stoles | Markups | Economic growth models | Innovation adoption | Revenue | Complete contracts | Research universities | CHOICE | TRADE | COSTS | COUNTRIES | ECONOMIES | FIRMS