This article tests hypotheses on the distribution of power within unionized firms by measuring which workers' preferences determine the level of firm-supplied occupational safety. An egalitarian model in which all workers have equal impact can be easily rejected, as can a median-worker model....

We develop a symmetric-information auction model of multiproject contracting with costly bidding and increasing marginal performance costs. When there are many potential contractors or only one job, there is a zero-expected-profit symmetric equilibrium in mixed strategies. The winning bid at...

We model partnerships as mutual insurance associations in which individuals band together to insure themselves against idiosyncratic shocks to their human capital. As with most forms of insurance, this generates a tradeoff between efficiency and risk sharing. Since partners keep only a fraction...