dispersion across employers exists in the sense that different employers offer different wages to the same worker, the theory …The estimates of the structural parameters of a job separations model derived from the theory of on-the-job search are …

One of the long-standing puzzles in economics is why wages do not fall sufficiently in recessions so as to avoid … employees to accept lower wages as well? As an alternative to reviewing statistical data, we have performed an experiment with a … two subjects in the highly stylized roles of employer and employee. Our hypothesis is that employers will not lower wages …

Modern 'principal-agent theory' has made a lot of progress in proposing theoretical Solutions to agency problems. This … evidence on offered contracts and effort choices in a simple agency game. In line with principal-agent theory we find that in … design has to regard an equity constraint that has so far been neglected by contract theory. In fact, most contract offers …

sequencing structure of game types, game rules do matter, and directional learning theory offers a partial explanation for bid …