In recent decades, many firms offered more discretion to their employees, often increasing the productivity of effort …-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 …

Germany. We examine their effect on today's productivity, wages, income, rents, education, and population density at the … with higher rents as well as higher productivity, wages, and education levels. We examine whether today's economic …