{"id":"https://openalex.org/W3177959705","doi":"https://doi.org/10.1145/3465456.3467637","title":"Contracts under Moral Hazard and Adverse Selection","display_name":"Contracts under Moral Hazard and Adverse Selection","publication_year":2021,"publication_date":"2021-07-18","ids":{"openalex":"https://openalex.org/W3177959705","doi":"https://doi.org/10.1145/3465456.3467637","mag":"3177959705"},"language":"en","primary_location":{"id":"doi:10.1145/3465456.3467637","doi":"https://doi.org/10.1145/3465456.3467637","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467637","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467637","source":{"id":"https://openalex.org/S4363608973","display_name":"ACM Conference on Economics and Computation (EC)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"volume":null,"type":"conference-paper","is_traditional":true,"indexed_in":["arxiv","crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467637","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065794037","display_name":"Guru Guruganesh","orcid":"https://orcid.org/0000-0003-0963-3843","observed_orcids":["https://orcid.org/0000-0003-0963-3843"]},"institutions":[{"id":"https://openalex.org/I1291425158","display_name":"Google (United States)","ror":"https://ror.org/00njsd438","country_code":"US","type":"company","lineage":["https://openalex.org/I1291425158","https://openalex.org/I4210128969"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Guru Guruganesh","raw_affiliation_strings":["Google Research, Mountain View, CA, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Google Research, Mountain View, CA, USA","institution_ids":["https://openalex.org/I1291425158"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5022676938","display_name":"Jon Schneider","orcid":"https://orcid.org/0000-0001-5392-3560","observed_orcids":["https://orcid.org/0000-0001-5392-3560"]},"institutions":[{"id":"https://openalex.org/I1291425158","display_name":"Google (United States)","ror":"https://ror.org/00njsd438","country_code":"US","type":"company","lineage":["https://openalex.org/I1291425158","https://openalex.org/I4210128969"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jon Schneider","raw_affiliation_strings":["Google Research, New York, NY, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Google Research, New York, NY, USA","institution_ids":["https://openalex.org/I1291425158"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5089494465","display_name":"Joshua R. Wang","orcid":"https://orcid.org/0009-0004-0770-0621","observed_orcids":["https://orcid.org/0009-0004-0770-0621","https://orcid.org/0000-0002-6933-1997"]},"institutions":[{"id":"https://openalex.org/I1291425158","display_name":"Google (United States)","ror":"https://ror.org/00njsd438","country_code":"US","type":"company","lineage":["https://openalex.org/I1291425158","https://openalex.org/I4210128969"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Joshua R. Wang","raw_affiliation_strings":["Google Research, Mountain View, CA, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Google Research, Mountain View, CA, USA","institution_ids":["https://openalex.org/I1291425158"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I1291425158"],"apc_list":null,"apc_paid":null,"fwci":6.5967,"has_fulltext":true,"cited_by_count":35,"citation_normalized_percentile":{"value":0.97509416,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":99},"biblio":{"volume":null,"issue":null,"first_page":"563","last_page":"582"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.5659000277519226,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.5659000277519226,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.385699987411499,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.018200000748038292,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/principal-agent-problem","display_name":"principal-agent problem","score":0.9390000104904175},{"id":"https://openalex.org/keywords/moral-hazard","display_name":"moral hazard","score":0.9559999704360962},{"id":"https://openalex.org/keywords/adverse-selection","display_name":"adverse selection","score":1.0},{"id":"https://openalex.org/keywords/contract-design","display_name":"contract design","score":0.8460000157356262},{"id":"https://openalex.org/keywords/incomplete-information","display_name":"incomplete information","score":0.8420000076293945},{"id":"https://openalex.org/keywords/agent-types","display_name":"agent types","score":0.8330000042915344},{"id":"https://openalex.org/keywords/incentive-contracts","display_name":"incentive contracts","score":0.6449999809265137}],"concepts":[{"id":"https://openalex.org/C32252159","wikidata":"https://www.wikidata.org/wiki/Q380037","display_name":"Adverse selection","level":2,"score":0.9540016651153564},{"id":"https://openalex.org/C2780202544","wikidata":"https://www.wikidata.org/wiki/Q44454","display_name":"Moral hazard","level":3,"score":0.908815860748291},{"id":"https://openalex.org/C144559511","wikidata":"https://www.wikidata.org/wiki/Q2986279","display_name":"Principal (computer security)","level":2,"score":0.8275172114372253},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.6605700254440308},{"id":"https://openalex.org/C113336015","wikidata":"https://www.wikidata.org/wiki/Q574010","display_name":"Complete information","level":2,"score":0.6481810808181763},{"id":"https://openalex.org/C148220186","wikidata":"https://www.wikidata.org/wiki/Q7111912","display_name":"Outcome (game theory)","level":2,"score":0.5965123176574707},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.5758724212646484},{"id":"https://openalex.org/C79301358","wikidata":"https://www.wikidata.org/wiki/Q1918846","display_name":"Contract theory","level":2,"score":0.5567667484283447},{"id":"https://openalex.org/C2780791683","wikidata":"https://www.wikidata.org/wiki/Q846785","display_name":"Action (physics)","level":2,"score":0.5038132071495056},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.4883837103843689},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4818928837776184},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.383951872587204},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.34263384342193604},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.3291242718696594},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.2921852767467499},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.28580278158187866},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2587338089942932},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.2556513547897339},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.21835052967071533},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.14917540550231934},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1145/3465456.3467637","doi":"https://doi.org/10.1145/3465456.3467637","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467637","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467637","source":{"id":"https://openalex.org/S4363608973","display_name":"ACM Conference on Economics and Computation (EC)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:arXiv.org:2010.06742","doi":null,"is_oa":true,"landing_page_url":"http://arxiv.org/abs/2010.06742","pdf_url":"https://arxiv.org/pdf/2010.06742","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"doi:10.48550/arxiv.2010.06742","doi":"https://doi.org/10.48550/arxiv.2010.06742","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.2010.06742","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Preprint"}],"best_oa_location":{"id":"doi:10.1145/3465456.3467637","doi":"https://doi.org/10.1145/3465456.3467637","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3465456.3467637","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3465456.3467637","source":{"id":"https://openalex.org/S4363608973","display_name":"ACM Conference on Economics and Computation (EC)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"conference"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 22nd ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3177959705.pdf","grobid_xml":"https://content.openalex.org/works/W3177959705.grobid-xml"},"referenced_works_count":16,"referenced_works":["https://openalex.org/W1575486008","https://openalex.org/W1589928278","https://openalex.org/W1756357714","https://openalex.org/W1826477050","https://openalex.org/W1973465190","https://openalex.org/W1987953153","https://openalex.org/W2142008025","https://openalex.org/W2295962009","https://openalex.org/W2326254517","https://openalex.org/W2331393218","https://openalex.org/W2409584892","https://openalex.org/W2521435076","https://openalex.org/W2808983756","https://openalex.org/W2887015238","https://openalex.org/W2988818515","https://openalex.org/W3037453901"],"related_works":["https://openalex.org/W2119929931","https://openalex.org/W2028306415","https://openalex.org/W4388113735","https://openalex.org/W2753118965","https://openalex.org/W4396929339","https://openalex.org/W2123796676","https://openalex.org/W611776245","https://openalex.org/W4250678074","https://openalex.org/W7005121196","https://openalex.org/W4293576755"],"abstract_inverted_index":{"In":[0],"the":[1,22,26,34,44,53],"classical":[2,27],"principal-agent":[3,28],"problem,":[4],"a":[5,9,31],"principal":[6],"must":[7],"design":[8],"contract":[10,54],"to":[11,15],"incentivize":[12],"an":[13,17],"agent":[14,35],"perform":[16],"action":[18],"on":[19],"behalf":[20],"of":[21,38,40,46,57,66],"principal.":[23],"We":[24],"study":[25],"problem":[29],"in":[30],"setting":[32],"where":[33],"can":[36],"be":[37],"one":[39],"several":[41],"types":[42],"(affecting":[43],"outcome":[45],"actions":[47],"they":[48],"might":[49],"take).":[50],"This":[51],"combines":[52],"theory":[55],"phenomena":[56],"\"moral":[58],"hazard\"":[59],"(incomplete":[60,69],"information":[61,70],"about":[62,71],"actions)":[63],"with":[64],"that":[65],"\"adverse":[67],"selection\"":[68],"types).":[72]},"counts_by_year":[{"year":2026,"cited_by_count":7},{"year":2025,"cited_by_count":10},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":3}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2021-07-19T00:00:00"}