We explore the shifting allegiances in the traditional conflict between capital and labor. This shift is created by finance: the distinction between financial and nonfinancial firms has become elusive. Our focus is on the worker who voluntarily or involuntarily transforms into a rentier. We...

We study the feasibility and profitability of predation in a dynamic environment, using a parsimonious infinite-horizon, complete information setting in which an incumbent repeatedly faces potential entry. When a rival enters, the incumbent chooses whether to accommodate or predate it; the...

There is strong evidence that corporate psychopaths - ruthless people who willingly engage in fraud and even enjoy outwitting and stealing from others - are a dominant force at senior levels in financial organizations. While corporate psychopathy has obvious implications for fraud and causes...