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based on present bias. For such individuals, more frequentrepayment can increase the maximum incentive compatible loan size …
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[...]The work of the National Equality Panel will underpin the response by all strategic publicauthorities to Clause One of the Equality Bill which places a new legal duty on key publicbodies to consider, in all the important decisions they make and all important actions theytake, how they can...
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We present an equilibrium theory of the organization of work in an economywhere knowledge is an essential input in production and agents are heterogeneousin skill. Agents organize production by matching with others in knowledgehierarchies designed to use and communicate their knowledge...
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Earnings inequality has increased substantially since the 1970s. Using evidence changes from con…dential Census data on U.S. law offices on lawyers'organization and earnings, we study the extent to which the mechanism suggested by Lucas (1978) and Rosen (1982), a scale of operations effect...
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