contractual performance by reducing future offers, and that the threat of punishment disciplines opportunistic breach. We conduct … employment contract. Each period the employer makes an irrevocable wage offer to the worker who then chooses an effort level. UK … that strategic punishment in repeated labor transactions is not a universally shared heuristic …

overcome these difficulties by studying European football (soccer) clubs during 1990-2020. Detailed microdata from this setting …

pitch type in Major League Baseball and whether to run or pass in the National Football League. We observe more than three … million pitches in baseball and 125,000 play choices for football. We find systematic deviations from minimax play in both … data sets. Pitchers appear to throw too many fastballs; football teams pass less than they should. In both sports, there is …

the decision making of National Football League teams during their annual player draft. This is a domain in which …

This paper provides a study on conflicts of interest among college football coaches participating in the USA Today … percent of a coach's football budget, coaches respond with more favorable rankings of half a position, and this effect is more …

-term contracts. We argue that only if the parties to a unitization contract have unit production shares that are the same as their … cost shares will the contract be incentive compatible. Using a data base of sixty unit operating agreements, we measure the … desirable contract rules for avoiding moral hazard. It also shows how the effects of those rules can be replicated in difficult …