On the (in) approximability of combinatorial contracts
T Ezra, M Feldman, M Schlesinger - 15th Innovations in …, 2024 - drops.dagstuhl.de
We study two recent combinatorial contract design models, which highlight different sources
of complexity that may arise in contract design, where a principal delegates the execution of …
of complexity that may arise in contract design, where a principal delegates the execution of …
Moral Hazard with Network Effects
M Claveria-Mayol - arXiv preprint arXiv:2406.11660, 2024 - arxiv.org
I study a moral hazard problem between a principal and multiple agents who experience
positive peer effects represented by a (weighted) network. Under the optimal linear contract …
positive peer effects represented by a (weighted) network. Under the optimal linear contract …
[PDF][PDF] Incentive contracts and peer effects in the workplace
P Milán, NO Dávila - 2024 - bse.eu
Risk-averse workers in a team exert effort to produce joint output. Workers' incentives are
connected via chains of productivity spillovers, represented by a network of peer-effects. We …
connected via chains of productivity spillovers, represented by a network of peer-effects. We …
Sequential Contracts
T Ezra, M Feldman, M Schlesinger - arXiv preprint arXiv:2403.09545, 2024 - arxiv.org
We study the principal-agent setting, where a principal delegates the execution of a costly
project to an agent. In the classical model, the agent chooses an action among a set of …
project to an agent. In the classical model, the agent chooses an action among a set of …
Incentive Contracts and Peer Effects in the Workplace
M Claveria-Mayol, P Milán, N Oviedo-Dávila - arXiv preprint arXiv …, 2024 - arxiv.org
Risk-averse workers in a team exert effort to produce joint output. Workers' incentives are
connected via chains of productivity spillovers, represented by a network of peer-effects. We …
connected via chains of productivity spillovers, represented by a network of peer-effects. We …
Incentive Design With Spillovers
A principal uses bonuses conditioned on stochastic outcomes of a team project to elicit
costly effort from the team members. We characterize the allocation of incentive pay across …
costly effort from the team members. We characterize the allocation of incentive pay across …
Network-Based Peer Monitoring Design
Z Lu, Y Song - Available at SSRN 4059315, 2024 - papers.ssrn.com
We study a team incentive design problem where multiple agents are located on a network
and work on a joint project. The principal seeks the least costly mechanism to incentivize full …
and work on a joint project. The principal seeks the least costly mechanism to incentivize full …
Optimal Compensation Schemes in Organizations with Interpersonal Networks
X Shi - Available at SSRN 4696897, 2023 - papers.ssrn.com
I propose a theory to study the optimal compensation scheme in organizations with arbitrary
interpersonal networks, in which agents connected in a network help neighbors and work …
interpersonal networks, in which agents connected in a network help neighbors and work …