We collect original data on the degree of decentralization in several thousand firms located in the US, Europe and Asia. Specifically, we focus on the autonomy of local plant managers from their Corporate Headquarters in their decisions over hiring, investment, production and sales. We find that...

Prices for grocery items differ across stores and time because of promotion periods. Consumers therefore have an incentive to search for the lowest price. When a product is purchased infrequently though, the hassle of checking the price on every shopping trip might outweigh the benefit of...

This dataset presents an opportunity to look inside every firm in the economy, understanding the details of its compensation structure. This new understanding can help us to understand the decisions they make, and can raise new and interesting questions that are not possible to address with the...