{"id":"https://openalex.org/W4383557983","doi":"https://doi.org/10.1145/3580507.3597735","title":"The Power of Menus in Contract Design","display_name":"The Power of Menus in Contract Design","publication_year":2023,"publication_date":"2023-07-07","ids":{"openalex":"https://openalex.org/W4383557983","doi":"https://doi.org/10.1145/3580507.3597735"},"language":"en","primary_location":{"id":"doi:10.1145/3580507.3597735","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3580507.3597735","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3580507.3597735","source":null,"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 24th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3580507.3597735","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5065794037","display_name":"Guru Guruganesh","orcid":"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":true,"raw_author_name":"Guru Guruganesh","raw_affiliation_strings":["Google Research, Mountain View, USA"],"raw_orcid":"https://orcid.org/0000-0003-0963-3843","affiliations":[{"raw_affiliation_string":"Google Research, Mountain View, 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"},"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, New York, United States of America"],"raw_orcid":"https://orcid.org/0000-0001-5392-3560","affiliations":[{"raw_affiliation_string":"Google, New York, United States of America","institution_ids":["https://openalex.org/I1291425158"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5089494465","display_name":"Joshua R. Wang","orcid":"https://orcid.org/0009-0004-0770-0621"},"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 Wang","raw_affiliation_strings":["Google, Mountain View, USA"],"raw_orcid":"https://orcid.org/0009-0004-0770-0621","affiliations":[{"raw_affiliation_string":"Google, Mountain View, USA","institution_ids":["https://openalex.org/I1291425158"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5089132781","display_name":"Junyao Zhao","orcid":"https://orcid.org/0009-0003-8228-7331"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Junyao Zhao","raw_affiliation_strings":["Stanford, Palo Alto, USA"],"raw_orcid":"https://orcid.org/0009-0003-8228-7331","affiliations":[{"raw_affiliation_string":"Stanford, Palo Alto, USA","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5065794037"],"corresponding_institution_ids":["https://openalex.org/I1291425158"],"apc_list":null,"apc_paid":null,"fwci":1.2328,"has_fulltext":true,"cited_by_count":5,"citation_normalized_percentile":{"value":0.81112779,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":98},"biblio":{"volume":null,"issue":null,"first_page":"818","last_page":"848"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9998999834060669,"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":0.9998999834060669,"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/T11762","display_name":"Law, Economics, and Judicial Systems","score":0.9983999729156494,"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"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.9983000159263611,"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/moral-hazard","display_name":"Moral hazard","score":0.7796381711959839},{"id":"https://openalex.org/keywords/principal","display_name":"Principal (computer security)","score":0.7427418231964111},{"id":"https://openalex.org/keywords/corollary","display_name":"Corollary","score":0.7299927473068237},{"id":"https://openalex.org/keywords/adverse-selection","display_name":"Adverse selection","score":0.7200763821601868},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6400948762893677},{"id":"https://openalex.org/keywords/selection","display_name":"Selection (genetic algorithm)","score":0.4843403100967407},{"id":"https://openalex.org/keywords/contract-theory","display_name":"Contract theory","score":0.4796641170978546},{"id":"https://openalex.org/keywords/power","display_name":"Power (physics)","score":0.44749966263771057},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.29508769512176514},{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.2669225335121155},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.2532390356063843},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.23947593569755554},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.20109829306602478},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.19779619574546814},{"id":"https://openalex.org/keywords/actuarial-science","display_name":"Actuarial science","score":0.16305342316627502},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.1304519772529602},{"id":"https://openalex.org/keywords/discrete-mathematics","display_name":"Discrete mathematics","score":0.07601329684257507}],"concepts":[{"id":"https://openalex.org/C2780202544","wikidata":"https://www.wikidata.org/wiki/Q44454","display_name":"Moral hazard","level":3,"score":0.7796381711959839},{"id":"https://openalex.org/C144559511","wikidata":"https://www.wikidata.org/wiki/Q2986279","display_name":"Principal (computer security)","level":2,"score":0.7427418231964111},{"id":"https://openalex.org/C2780012671","wikidata":"https://www.wikidata.org/wiki/Q1343870","display_name":"Corollary","level":2,"score":0.7299927473068237},{"id":"https://openalex.org/C32252159","wikidata":"https://www.wikidata.org/wiki/Q380037","display_name":"Adverse selection","level":2,"score":0.7200763821601868},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6400948762893677},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.4843403100967407},{"id":"https://openalex.org/C79301358","wikidata":"https://www.wikidata.org/wiki/Q1918846","display_name":"Contract theory","level":2,"score":0.4796641170978546},{"id":"https://openalex.org/C163258240","wikidata":"https://www.wikidata.org/wiki/Q25342","display_name":"Power (physics)","level":2,"score":0.44749966263771057},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.29508769512176514},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.2669225335121155},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.2532390356063843},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.23947593569755554},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.20109829306602478},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.19779619574546814},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.16305342316627502},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.1304519772529602},{"id":"https://openalex.org/C118615104","wikidata":"https://www.wikidata.org/wiki/Q121416","display_name":"Discrete mathematics","level":1,"score":0.07601329684257507},{"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}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1145/3580507.3597735","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3580507.3597735","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3580507.3597735","source":null,"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 24th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:RePEc:arx:papers:2306.12667","is_oa":false,"landing_page_url":null,"pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"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":"preprint"}],"best_oa_location":{"id":"doi:10.1145/3580507.3597735","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3580507.3597735","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3580507.3597735","source":null,"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 24th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"sustainable_development_goals":[{"display_name":"Peace, Justice and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.5299999713897705}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4383557983.pdf","grobid_xml":"https://content.openalex.org/works/W4383557983.grobid-xml"},"referenced_works_count":10,"referenced_works":["https://openalex.org/W1485535210","https://openalex.org/W1968517895","https://openalex.org/W2963471449","https://openalex.org/W3124071598","https://openalex.org/W3177959705","https://openalex.org/W3183024823","https://openalex.org/W3186544009","https://openalex.org/W4213443036","https://openalex.org/W4214886411","https://openalex.org/W4285090203"],"related_works":["https://openalex.org/W2041214716","https://openalex.org/W3121399821","https://openalex.org/W3123036892","https://openalex.org/W3122139925","https://openalex.org/W3177959705","https://openalex.org/W2011966720","https://openalex.org/W2940773126","https://openalex.org/W3092964808","https://openalex.org/W2349456110","https://openalex.org/W2567056335"],"abstract_inverted_index":{"We":[0,75],"study":[1],"the":[2,42,58,61,99],"power":[3],"of":[4,6,18,45,70,83,117,123],"menus":[5,82,93,116,122],"contracts":[7,46,119,124],"in":[8],"principal-agent":[9,31],"problems":[10,32],"with":[11,33],"adverse":[12],"selection":[13],"(agents":[14],"can":[15,47,94],"be":[16,95],"one":[17],"several":[19],"types)":[20],"and":[21,36,120],"moral":[22],"hazard":[23],"(we":[24],"cannot":[25],"observe":[26],"agent":[27],"actions":[28],"directly).":[29],"For":[30],"T":[34],"types":[35],"n":[37],"actions,":[38],"we":[39,87,107],"show":[40,89,108],"that":[41,90],"best":[43,62,100],"menu":[44],"obtain":[48],"a":[49,105],"factor":[50],"\u03a9":[51],"(max(n,":[52],"log":[53],"T))":[54],"more":[55],"utility":[56],"for":[57],"principal":[59],"than":[60,98],"individual":[63],"contract,":[64],"partially":[65],"resolving":[66],"an":[67,111],"open":[68],"question":[69],"Guruganesh":[71],"et":[72,129],"al.":[73,130],"[2021].":[74],"then":[76],"turn":[77],"our":[78],"attention":[79],"to":[80],"randomized":[81,91,121],"linear":[84,92,102],"contracts,":[85],"where":[86],"likewise":[88],"\u03a9(T)":[96],"better":[97],"single":[101],"contract.":[103],"As":[104],"corollary,":[106],"this":[109],"implies":[110],"analogous":[112],"gap":[113],"between":[114],"deterministic":[115],"(general)":[118],"(as":[125],"introduced":[126],"by":[127],"Castiglioni":[128],"[2022]).":[131]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
