This timely book challenges conventional business wisdom about competition, secrecy, motivation, and creativity. Orly Lobel, an internationally acclaimed expert in the law and economics of human capital, warns that a set of counterproductive mentalities are stifling innovation in many regions...

The economic analysis of labor and employment law is a bold effort to apply economic theory to explain important empirical facts about the regulation of the employment relationship and to provide positive predictions and normative analyses that are useful to policy-makers. This book draws...

At a time when policy makers want to change the behaviour of citizens to tackle a broad range of social problems, such as climate change, excessive drinking, obesity and crime, a promising new policy approach has appeared that seems capable of escaping the liberal reservations typically...

Research in the field of behavioral economics indicates that humans stumble in their decisionmaking in predictable ways that can often be corrected by a gentle nudge from the appropriate regulatory authority. Two new books -- Dan Ariely's Predictably Irrational and Richard Thaler and Cass...

This Chapter analyzes the ways in which digital platforms such as Uber and Airbnb are perfecting the deal and lowering transaction costs. The chapter argues that the three stages of pre-deal, deal-making, and post-deal, 1) search costs; 2) bargaining and decision costs; and 3) policing and...

This article analyzes the ways in which digital platforms such as Uber and Airbnb shape the costs of the three stages of pre-deal, deal-making, and post-deal: 1) search costs; 2) bargaining and decision costs; and 3) policing and enforcement costs. The article shows how platforms – based on...

The term entrepreneur comes from the French word entreprendre, which signifies “one who undertakes innovations.” That underlying innovative nature typifies entrepreneurship's vital role in our economy, contributing to both economic growth and industry progress. Many states affirmatively...

A model that rejects the oversimplified classification of workers can better strike a balance between the dual goals of protection and flexibility. Regardless of classification, workers should be guaranteed minimum compensation, access to benefits such as workers' compensation, and some form of...

The rise of the platform economy has been the subject of celebration and critique. Platform companies like Uber, Airbnb, and Postmates have been rightfully celebrated as positively disruptive, introducing much–needed competition in industries that have been otherwise over–mature and...