There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …

We propose a new business cycle theory. Firms need to randomize over firing or keeping workers who have performed …

Using responses obtained through the Nielsen Homescan panel survey, we explore the differences between managers' and … non-managers' expectations and perceptions of inflation and unemployment. By and large, managers and non-managers exhibit … information provided in a randomized control trial. Finally, the inflation expectations of managers deviate systematically from …

We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …

the collusive outcome is often greater when demand is high. To moderate this temptation,the optimizing oligopoly reduces … support our theory. (J.E.L. Classification numbers:020, 130, 610) …