This article quantifies the effect of the 2006 food-borne illness spinach outbreak on harvested acreage for the fresh spinach market. In September 2006, fresh spinach contaminated with E. coli O157:H7 caused hundreds of consumer illnesses across the U.S. and a few deaths. The outbreak was...

Food and Beverage companies need to share their Intellectual Property (IP) when they outsource production and/or R&D to contract agents. IP sharing can facilitate misappropriation and the contractor may eventually start competing with the client. We design an incentive compatible contract that...

As national economies have integrated through removal of trade barriers, the potential for offshoring production was quickly recognized as a strategy to enhance firm performance. At the same time, labor market reforms opened the door for outsourcing of labor services to specialist firms that...

Previous studies have found underestimation of risk, or overconfidence, to be pervasive. In this paper, we model overconfidence as a reduction in perceived variance. We generalize the analysis of Sandmo and examine the effects of competition on firms displaying overconfidence. Cases for both...