How does the formation of cross-country teams affect the organization of work and the structure of wages? To study this question, we propose a theory of the assignment of heterogeneous agents into hierarchical teams, where less skilled agents specialize in production and more skilled agents...

This paper examines the role of hierarchies in the organization of human‐capital‐intensive production. We develop an equilibrium model of hierarchical organization and provide empirical evidence based on confidential data on thousands of law offices. The equilibrium assignment of individuals...

This article illustrates how contracts are completed ex post in practice and, in so doing, indirectly suggests what the real function of contracts may be. Our evidence comes from the contracts between automobile manufacturers and their dealers in 23 dealership networks in Spain. Franchising...

The international textiles and apparel trade has been one of the most contentious trade issues between the developed and developing countries. Restrictions have been imposed in terms of quota and tariffs on imports since the 1950s. In January 2005, after the phasing out of the multi fire...

The international textiles and apparel trade has been one of the most contentious trade issues between the developed and developing countries. Restrictions have been imposed in terms of quota and tariffs on imports since the 1950s. In January 2005, after the phasing out of the multi fire...