Mukherjee, Arijit; Vasconcelos, Luís - In: Journal of Law, Economics and Organization 28 (2012) 4, pp. 754-782
Exclusive employment contracts and collusion on wages are alternative mechanisms that firms may use to extract surplus from highly productive workers ("stars"). Exclusive employment contracts (i.e., "covenant not to compete") are common in many industries, but the Courts often refrain from...