Computational methods are required to solve problems without closed-form solutions in
environmental and resource economics. Efficiency, stability, and accuracy are key elements …

We construct a dynamic theory of sovereign debt and structural reforms with limited
enforcement and moral hazard. A sovereign country in recession wishes to smooth …

We provide general conditions under which principal‐agent problems with either one or
multiple agents admit mechanisms that are optimal for the principal. Our results cover as …

We study a generic principal-agent problem in continuous time on a finite time horizon. We
introduce a framework in which the agent is allowed to employ measure-valued controls and …

PPPs are a compelling mechanism for infrastructure procurement but are vulnerable to the
principal-agent problem due to the divergence in the parties' utility functions. This research …

Our paper evaluates recent regulatory proposals mandating the deferral of bonus payments
and claw-back clauses in the financial sector. We study a broadly applicable principal agent …

In a strategic context, information (who knows what and before whom) plays a crucial role. In
this thesis, we consider game theory models with information, and we present a new model …

We develop a method for finding approximate solutions to the continuous agent type
principal-agent problem when analytical methods are not available. The solution is …

We develop a simple sufficient condition for an optimal contract of a moral hazard problem to
be monotone in the output signal. Existing results on monotonicity require conditions on the …

The “spanning condition” describes a situation where the agent's effort determines the
weights placed on two distinct technologies. Sufficient conditions are known under which the …