This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

different degrees of contract enforceability and competition. Our main results indicate that business-is-family cultures are … more effective when contracts are unverifiable because they help market participants overcome problems of trust. On the …

This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be much larger than that imposed by a single firm or principal, who …

building trust and substituting for the difficulty of enforcing contracts internationally. The networks we are interested in …

During the last two decades economists have made much progress in understanding incentives, contracts and organisations …

incompleteness and relational nature of most employment contracts and (ii) the existence of reference-dependent fairness concerns …

In a recent paper, Hart and Moore (2008) introduce new behavioral assumptions that can explain long term contracts and … and, in particular, Hart and Moore's notion that contracts provide reference points. In this paper, we examine … tradeoff between rigidity and flexibility in a trading environment with incomplete contracts and ex ante uncertainty about the …