Treating corporate contributions as purchases of valuable inputs, we hypothesize that firms for which genetic diversity, advertizing, and reputations of environmental responsibility are more valuable and firms for which the cost of contributing is less will be more likely contributors to the...

The bombshell arrest of Ivan Boesky on November 14, 1986 signaled the intention of then-US attorney for the southern district of New York, Rudy Giuliani, to increase enforcement of laws against insider trading. Looking at concurrent stock price changes, we find that New York companies were...

Others have offered a variety of suggestions to improve the behavior of public officials. Each of these involves linking an official's (public) compensation to a measure of his performance. This is costly because performance will necessarily be imperfectly monitored and so public officials will...

We examine the strategic role of information transmission in a repeated principal-agent relationship where the agent produces information that is useful to the principal. The agent values continuous employment for the principal because he makes a relationship-specific investment that can yield...

This article analyzes optimal livestock production contracts between an integrator company and many independent growers in three similar industries: broiler, turkey, and swine. The analysis provides an explanation for the simultaneous existence of distinct incentive schemes in these industries...

Grower discontent with tournaments as mechanisms for settling poultry contracts can largely be attributed to the group composition risk that tournaments impose on growers. This article focuses on the welfare effects of a widely advocated regulatory proposal to prevent integrator companies from...