Taylor and Trogdon found evidence of shirking under some, but not all, draft lottery systems used in three different National Basketball Association (NBA) seasons. The authors use data from all NBA games played from 1977 to 2007 and a fixed effects model to control for unobservable team and...

This article observes that regular-season champions in National Collegiate Athletic Association (NCAA) men’s basketball often perform poorly in season-ending conference tournaments and examines two alternative explanations for this underperformance. We employ data on regular-season...

This paper reviews the evidence on the rapid growth of top executive pay in the UK. It links this to developments in other countries, notably the USA, and examines various theoretical approaches to the determination of executive compensation. The authors argue that the popular belief (derived...