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econ.TH2025
Contracting with discretionary bonuses
Guillermo Alonso Alvarez, Ibrahim Ekren, Liwei Huang
We study a continuous time contracting model in which a principal hires a risk averse agent to manage a project over a finite horizon and provides sequential payments whose timing…
econ.TH2025
Contracting a crowd of heterogeneous agents
Guillermo Alonso Alvarez, Erhan Bayraktar, Ibrahim Ekren
We study optimal contract design for large populations of heterogeneous agents whose actions generate network spillovers represented by an interaction function. In a linear-quadrat…