A leader of an organization may view a subordinate as threatening or weakening the leader's position. The threat may increase with the subordinate's ability and reduce the rents the leader wins. In particular, a leader who trains his subordinate reduces the cost to the owner of a firm in...

Although the neoclassical labor economics literature assumes that hours of work are determined solely on the supply side as a result of individual demand for leisure, and abundance of evidence points to the importance of employer demand factors in the market for hours of work. Despite the appeal...

In many economic environments agents make costly and irreversible investments that may enhance their respective threat payoffs but also shrink the utility possibilities set. In such settings, with variable threats and a variable utility possibilities set, it becomes possible to rank different...