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Comments on ‘Labor Market Contracts and Inflation’ by D.J.B. Mitchell and L.J. Kimball.
Casual observation suggests that many contracts in the real world are not of uniform length; for example, recent wage concessions in the United States have lead to termination of union contracts bef...
The Role of Contracts in Macroeconomic Performance.
A major concern in the design of wholesale electricity markets is the potential for the exercise of market power by generating unit owners. To better understand the determinants of generating unit...
The Comisión de Regulación de Energía y Gas (CREG) has proposed a new mechanism for determining and assigning the reliability charge in the Colombian wholesale electricity market (CxC) and an elec...
In response to a recently dismissed antitrust lawsuit against the National Residency Matching Program (NRMP), Jeremy Bulow and Jonathan Levin (2006) show that when firms set impersonal salaries simult...
Short Term Contracts and Long Term Agency Relationships.
Matching with Contracts     Matching  Contracts       2015/7/21
We develop a model of matching with contracts which incorporates, as special cases, the college admissions problem, the Kelso-Crawford labor market matching model, and ascending package auctions. We i...
Incentive problems arise in many economic relationships. Contracts that tie compensation to performance can mitigate incentive problems, but writing completely effective contracts is often impract...
We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making...
General Motors was once regarded as one of the best managed and most successful firms in the world, but between 1980 and 2009 its share of the US market fell from 62.6 to 19.8 percent, and in 2009 the...
The early development of large multidivisional corporations in Latin America required much more than capable managers, new technologies, and large markets. Behind such corporations was a market for ca...
Agriculture, more than any other sector, is a provider of temporary jobs. The main aim of the paper is to analyze the impact of the temporary contract in agriculture on the probability of remaining em...

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