Articles
Adverse Selection, Short-Term Contracting, and the Underprovision of On-the-Job Training, The B.E. Journal of Economic Analysis & Policy (2006)
This article argues that the existence of adverse selection (worker heterogeneity) can explain the underprovision...
Implementing the First Best in an Agency Relationship with Renegotiation: A Corrigendum (with Aaron S. Edlin), Econometrica (2001)
The proof in Proposition 4 in Hermalin and Katz (1991) is incorrect because it fails...
Contract Renegotiation and Options in Agency Problems (with Aaron S. Edlin), Journal of Law, Economics and Organization (2000)
This article discusses the ability of an agent and a principal to achieve the first-best...
Unpublished Papers
The Economics of Network Neutrality (with Nicholas Economides) (2011)
Pricing of Internet access has been characterized by two properties: Parties are directly billed only...
Other
Corporate Diversification and Agency (with Michael Katz), Research Program in Finance Working Papers (2000)
Firms undertake a variety of actions to reduce risk through diversification, including entering diverse lines...