Concepedia

First-best Contracts

First-Best Contracts is a theoretical contract design in principal-agent economics that belongs to the class of optimal incentive contracts and is distinguished by achieving socially efficient outcomes under full information, thereby serving as a benchmark for evaluating welfare losses due to hidden action.

79

Publications

7.5K

Citations

127

Authors

95

Institutions

Publications per year

2017–2026

8

Parents

Publications

79

Incentive Contracts and Performance Measurement

George P. Baker · Journal of Political Economy · 1992 · 1.1K citations

, , +17

Subjective Performance Measures in Optimal Incentive Contracts

George P. Baker, Robert Gibbons, Kevin J. Murphy · The Quarterly Journal of Economics · 1994 · 990 citations

, , +17

The First-Order Approach to Principal-Agent Problems

William P. Rogerson · Econometrica · 1985 · 885 citations

, , +17

The Theory of Moral Hazard and Unobservable Behaviour: Part I

James A. Mirrlees · The Review of Economic Studies · 1999 · 621 citations

, , +16

Competition for Agency Contracts

R. Preston McAfee, John McMillan · The RAND Journal of Economics · 1987 · 257 citations

, , +17

1–5 of 79

Authors

127

  1. SH
    Sameer Hasija

    INSEAD, Singapore

    3 publications · 199 citations

    3

    h-index

  2. DT
    David Thesmar

    National Bureau of Economic Research, United States

    2 publications · 174 citations

    2

    h-index

  3. AL
    Augustin Landier

    HEC Paris, France

    2 publications · 174 citations

    2

    h-index

  4. SK
    Son Ku Kim

    Hong Kong University of Science and Technology, Hong Kong SAR China

    2 publications · 194 citations

    2

    h-index

  5. LY
    Leon Yang Chu

    University of Southern California, United States

    2 publications · 88 citations

    2

    h-index

1–5 of 127

Institutions

95

  1. Hong Kong University of Science and Technology

    Hong Kong, Hong Kong

    4 h-index

    4 publications

    212 citations

  2. The University of Sydney

    Sydney, Australia

    3 h-index

    3 publications

    148 citations

  3. University of Zurich

    Zurich, Switzerland

    3 h-index

    3 publications

    155 citations

  4. University of Pennsylvania

    Philadelphia, United States

    3 h-index

    4 publications

    296 citations

  5. University of Hong Kong

    Pok Fu Lam, Hong Kong

    3 h-index

    3 publications

    202 citations

  6. University of British Columbia

    Vancouver, Canada

    2 h-index

    3 publications

    298 citations

  7. London School of Economics and Political Science

    London, United Kingdom

    2 h-index

    2 publications

    170 citations

  8. National Bureau of Economic Research

    Cambridge, United States

    2 h-index

    2 publications

    193 citations

1–8 of 95

Venues

  1. The RAND Journal of Economics

    7 publications · 739 citations

    7

    h-index

  2. SSRN Electronic Journal

    Repository · 7 publications · 336 citations

    7

    h-index

  3. The Review of Economic Studies

    6 publications · 885 citations

    6

    h-index

  4. Journal of Economics & Management Strategy

    JEMS · 5 publications · 322 citations

    5

    h-index

  5. RePEc: Research Papers in Economics

    Repository · 4 publications · 152 citations

    4

    h-index

1–5