This paper analyzes the effect of unions on the duration of non- work spells of claimants in the workers' compensation insurance system. It has been argued that a union may affect the duration of non-work spells in two ways. First, a union may alter the true level of workplace safety and, in...

What is the best way to deliver various goods and services in the advanced complex economy? What is the appropriate division of labor among the state, the private for-profit, and the nonprofit sectors? This paper explores these questions relative to the well-being of consumers, and offers a set...

This paper discusses communist Romania, the economy in the Ceausescu era, 1965-1989, the economy after the Revolution of December 22, 1989, and current problems and prospects for the Romanian economy.

The paper compares behavior in economic dictator game experiments played with actual money (amounts given by "dictator" subjects) with behavior in hypothetical dictator game experiments where subjects indicate what they would give, although no money is actually exchanged. The average amounts...

Why are some firms purchased by their employees? This paper explores this question theoretically, suggesting that employees may attempt to overcome their informational handicap regarding firm profitability by making simultaneous offers on wages and a purchase price for the firm. Owners of...

The study examines trust by investigating potential determinants (factors determined at birth and childhood) and correlates (various views and attitudes) of trusting and trustworthiness. We examine behavioral and survey measures and conclude that the amount sent in the trust game is a good,...

We compare the structure and performance of for-profit (FP), nonprofit (NP) and local government (LG) organizations. These organizations differ in their ownership structure, objectives and agency relations. We conjecture that, compared to NP and LG, FP firms (a) delegate less decision-making...