Legal rules governing the employer-employee relationship are many and varied. Economic analysis has illuminated both the efficiency and the effects on employee welfare of such rules, as described in this paper. Topics addressed include workplace safety mandates, compensation systems for...

Legal rules governing the employer-employee relationship are many and varied. Economic analysis has illuminated both the efficiency and the effects on employee welfare of such rules, as described in this paper. Topics addressed include workplace safety mandates, compensation systems for...

This note uses stochastic dominance to help decision makers who are expected utility maximizers choose between risky investments with minimal knowledge of the decision maker's utility function. More specifically, we employ second-order stochastic dominance. It is argued that for two risky...