5 papers
Robust Contracting for Sequential Search
Théo Durandard, Udayan Vaidya, Boli Xu
A principal contracts with an agent who sequentially searches over projects to generate a prize. The principal initially knows only one of the agent's available projects and evalua…
Robust Regulation of Labour Contracts
Théo Durandard, Alexis Ghersengorin
We study the robust regulation of contracts in moral hazard problems. A firm offers a contract to incentivise a worker protected by limited liability. A regulator restricts the set…
Existence, uniqueness, and regularity of solutions to nonlinear and non-smooth parabolic obstacle problems
Théo Durandard, Bruno Strulovici
We establish the existence, uniqueness, and -regularity of solutions to fully-nonlinear, parabolic obstacle problems when the obstacle is the pointwise supremum of funct…
Comparative Statics for Optimal Stopping Problems in Nonstationary Environments
Théo Durandard, Matteo Camboni
How do decisions change with the economic environment and with time? This paper studies general nonstationary stopping problems and provides the methodological tools to answer thes…
Dynamic delegation in promotion contests
Théo Durandard
I study how organizations assign tasks to identify the best candidate to promote among a pool of workers. Task allocation and workers' motivation interact through the organization'…