Contracts, Incentives and Information: Theory and Evidence
A special issue of Games (ISSN 2073-4336).
Deadline for manuscript submissions: closed (30 June 2019) | Viewed by 6048
Special Issue Editors
Interests: microeconomics; game theory; behavioral economics; experimental economics; public economics; industrial organization; risk
Interests: applied economic theories
Special Issue Information
Dear Colleagues,
Game theory has become the standard tool in analyzing strategic interactions by economists. A particularly prominent application is the study of contracting, which can often be modeled as dynamic games with transfers and asymmetric information, in which principals move first by offering contracts and agents best-respond accordingly. Moreover, the communication of verifiable and unverifiable information can play a key role in contracting and other game-theoretical applications. Recent advances in behavioral economics have also enriched our understanding in how boundedly rational individuals approach such strategic interactions and contractual arrangements. In particular, it has been demonstrated that contracts can be designed to exploit the psychological biases of agents. This Special Issue is intended to reflect these developments. To this end, we welcome submissions, using either theoretical, empirical, or experimental methods of investigation, on the following areas:
- Moral hazard, adverse selection, mechanism design, and incomplete contracts
- Communication, information disclosure, and information design
- Behavioral effects including mistakes and the interplay of financial and non-financial incentives
- Analysis of related applications (e.g., insurance, investment, consumption, and policy)
Dr. Pak Hung Au
Dr. Yi-Chun Chen
Guest Editors
Manuscript Submission Information
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Keywords
- moral hazard
- adverse selection
- mechanism design
- contracts
- communication
- information
- disclosure
- behavioral
- incentives
- applications.
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