Sooner or later almost every business enterprise faces the unwelcome prospect of injury to a customer. Even the smallest of businesses needs to be vigilant about potential injuries. Common examples include: restaurant meals that cause illness to consumers; shopping cart injuries; overcrowding...

Managed care has become the dominant mode through which citizens in the U.S. obtain their health care. However, as managing costs becomes the primary focus of the health delivery system, possible patient injury associated with the managed care incentive to limit care has become of paramount...

We analyze a signaling game between the manager of a firm and an investor in the firm. The manager has private information about the firm's demand and cares about the short-term stock price assigned by the investor. Previous research has shown that under continuous decision choices and the...

We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application...