RAND Journal of Economics

The observability of history is crucial for the sustenance of implicit (or relational) contracts. When a firm hires...

This article studies the effect of transparency among peers on the principal's cost of providing incentives. Using directed...

This article analyzes the effects of net neutrality regulation on investment incentives for Internet service providers (ISPs) and...

We model a downstream industry where firms compete to buy capacity in an upstream market which allocates capacity...

This article studies how delay in contracting depends on an exogenous signal. The agent whose cost is his...

This article investigates the design of incentives in a dynamic adverse selection framework where agents' production technologies display...

We study how fragmentation of patent rights and the formation of the Court of Appeals for the Federal...

For many consumer packaged goods products, researchers have documented inertia in brand choice, a form of persistence whereby...