We find that companies dramatically raise their incumbent executives’ pay, especially equity-based pay, after losing executives to other firms. The pay raise is larger when incumbent executives have greater employment mobility in the labor market, when companies lose senior executives, and...

Sellers of houses signal their motivation or willingness to sell through price and contractual provisions in their listing agreements. A pricing strategy is for motivated sellers to set their listing prices at or below estimated market values as determined by the quality and other...

This paper estimates the return to adopting a technological innovation when a house is put on the market. The innovation is the installation of a lockbox on the front door, to enhance security and facilitate increased showings with reduced communications time. The seller has a choice on whether...