Contracting with Third Parties
研究在双边敲竹杠和团队道德风险模型中引入第三方，即使存在重新谈判，也能通过向第三方支付罚款实现最优激励，且第三方可腐败时结论仍成立。
In bilateral holdup and moral hazard in teams models, introducing a third party allows implementation of the first best, even if renegotiation is possible. Fines paid to the third party provide incentives for truth-telling and investment. This result holds even if the third party is corruptible, as long as the grand coalition has access to the same contracting technology as any colluding subcoalition.