This thesis empirically investigates the effects of agency problemson endogenous managerial effort, firm performance, corporatestructure and industry-wide productivity.In the second chapter, I develop an industrial evolution model withendogenous managerial effort and endogenous organizational...

This thesis consists of two chapters. In the first chapter, we provide an explanation for the common observation in the market for upgrades, which is that firms tend to offer small upgrades very frequently instead of significant ones less frequently. We explain this problem using the...

This thesis consists of three essays focusing on time inconsistency in a game theoretic framework.The first essay studies an equilibrium concept for both one and two player extensive form games. The equilibrium concept, by construction, embraces different bounded rationality approaches in one...

CHAPTER 1: Productivity Improvements and Falling Trade Costs: Boon or Bane?This essay looks at two features of globalization, namely, productivity improvements and falling trade costs, and explores their effect on welfare in a monopolistic competition model with heterogeneous firms and...

Chapter 1: Previous work on the denomination structure of currency treats as exogenous the distribution of transactions and the denominations held by people. Here, by way of a matching model, both are endogenous. In the model, trades in pairwise meetings alternate in time with the opportunity to...

CHAPTER 1: Immiserizing Deindustrialization: A Dynamic Trade Model with Credit ConstraintsIn this essay I develop an open economy dynamic model with bequests and credit constraints. The agricultural sector uses only labor, the industrial sector needs an indivisible investment. Under autarky,...

The first essay of this dissertation presents a general equilibrium model of a finan-cial intermediary that extends the model first introduced by D. Diamond and P. Dybvig(JPE, 1983) to an infinite-horizon environment. This extension enables the relationshipbetween the real business cycle and...

CHAPTER 1: Informational Control and Organizational DesignThis essay focuses on organizational issues of allocating authority between an uninformed principal and an informed expert. We show that the established result of Dessein (2002) that delegating decisions to a perfectly informed expert is...

This dissertation concerns the relationship between education and health. While this is not a new topic, the focus of this research is to explicitly model the education and health decision process and estimate such a model. Compared to current literature which focuses on statistical modeling as...

This dissertation consists of three chapters.Chapter 2 analyzes the reallocation of labor following a trade liberalization. Theseepisodes typically display three features: slow net absorption of labor by export-orientedsectors, large reallocation costs for displaced workers, and a...