The optimal compensation contract is a very important issue for firms. Some empirical findings of wage structure in internal labor market are puzzling. For exam

Contract theory, which emphasizes the importance of unverifiable actions and private information, has been a highly active field of research in microeconomics i

This dissertation is primarily on the contractual design to account for various source of information asymmetry in a principal-agent(s) relationship. In the fir

Abstract: This dissertation applies relational contract theory to study the optimal incentive provision in situations when formal enforcement is too costly. Ess

In this thesis, we propose solutions to three problems in the area of robust mechanism design. The first two problems concern revenue maximization by a seller f