competition for principals or agents. While we do observe substantial and significant ratchet effects in the baseline (no … competition) case of our model, we find that ratchet behavior is nearly eliminated by labor-market competition; interestingly this …

We provide novel evidence on the effectiveness of mandated changes in Russian transparency and disclosure (henceforth T …

-sharing, screening opportunities, and competition are important driving forces behind these new forms of work organization. We document … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …

understand how cognitive skills disclosure interacts with different potential payoff allocations, we consider two versions of the … BoS, with high and low payoff inequality. In PD, disclosure markedly hampers cooperation, as higher intelligence players … with low payoff inequality, disclosure disrupts coordination, as higher intelligence players try to force their most …