This chapter reviews recent theoretical work on the design of regulatory policy, focusing on
the complications that arise when regulated suppliers have better information about the …

This article presents a review of the literature that focuses on the role played by information
asymmetry in the management of innovation. Results are organised in two categories. On …

This paper analyzes the implications of the inherent conflict between two tasks performed by
direct marketing agents: prospecting for customers and advising on the product's “suitability” …

We study the agency costs of delegated public service provision, focusing on the link
between organizational forms and uncertainty at project implementation. We consider a …

This is the first book to provide a hard-headed economic view of the voluntary approaches to
environmental issues, especially toxic chemicals, waste disposal and global warming, that …

Although good information is critical to effective decisionmaking, public agents' private
incentives to invest in gathering information may not align with the social interest in their …

We modify a standard Baron–Myerson model by assuming that, instead of knowing the state
of nature, the agent has to incur a cost γ to learn it. Under these conditions, the principal will …

In a Baron–Myerson setup, we study a situation where an agent is initially uninformed, but
can, at a cost, acquire information about the state of nature before the principal offers him a …

The Hold‚•’Up Problem and Incomplete Contracts: A Survey of Recent Topics in Contract Theory
Page 1 {Journals}boer/53_1/y133/makeup/y133.3d © Blackwell Publishers Ltd and the Board …

A government agency wants a facility to be built and managed to provide a public service.
Two different modes of provision are considered. In a public‐private partnership, the tasks of …