This paper presents a model analyzing the potential for an International Court with powers to declare standstills to …

of last resort or an international bankruptcy court, temporary payments standstills and the inclusion of collective … payments standstills and last-resort lending are an equally efficient means of dealing with liquidity crises, both ex-ante and …

comes with granting autonomy. However, in such settings, overprovision of effort could arise if workers are uncertain … uncertainty. We develop an experiment to show that overprovision of costly effort is more likely to occur in work environments … measurement of effort overprovision by keeping performance per unit of time fixed, which we achieve by calibrating subjects …

role of self-confidence in teamwork. In this paper, we present evidence from a laboratory experiment using a team effort … task. Effort and ability are complements and there are synergies between teammates' efforts. We exogenously manipulate … more effort, less free riding, and higher team revenue. These findings suggest that organizations could improve team …