Several situations in our daily interactions are characterized by uncertainty and asymmetric information regarding the final outcomes. For example, an investor may overstate a project’s value, or a superior may choose to under, or over, state the gains from a project to a subordinate. We...

The aim of this paper is to test the effectiveness of wage-irrelevant goal setting policies in a laboratory environment. In our design, managers can assign a goal to their workers by setting a certain level of performance on the work task. To establish our theoretical conjectures we develop a...

This paper analyses the evolution of total factor productivity growth and market power in Spain during the period 1983-1996. The data consists of a large firm level data set that encompasses all sectors of economic activity apart from financial institutions. The results show that traditional...

We consider an empirical model of worldwide airline alliances that we apply to a large set of companies for the period 19952000. Using observations at the network level, we estimate a cost, capacity, and demand system that accounts for cross-price elasticities. Our contribution consists in...