Our research – building on experimental results of Cason and Mui (2007) – examines why a subordinate in a leader-subordinate relationship is willing to pay a cost to help prevent exploitation of another subordinate by the leader. Using a stylized game capturing essential features of the...

We compare the private and social incentives for privacy when sellers can commit to transparent privacy policies that are understood by consumers. The purpose is to establish a baseline for how well markets perform when firms' privacy policies are common knowledge. In this setting, if the market...