We study the conflict mediation problem when the mediator must gather information from the disputants. In this case, the same incentives that disputants have to lie to their opponents also exist when talking to the mediator. Addressing this issue in the context of a very general model of...

Using the compensation gap between a CEO and the second-highest-paid CEO in the same Metropolitan Statistical Area (MSA) as a proxy for local tournament incentives, I document a positive relation between local tournament incentives and firm risk. Specifically, CEOs who face higher local...

We examine how decision makers adjust their allocation decisions in risky environments, and how organizational context influences these decisions. Superiors often have discretion over bonus allocations, allowing them to make adjustments for the risk faced by agents. It is thus important to...