This paper introduces an overlapping generations model of the principal-agent problem. all individuals are workers when young, but have a choice between becoming entrepreneurs or remaining workers when old. Bargaining power and incentive contracts in the principle-agent relationships are...

Our goal here is to offer a better understanding of why workhouse mortality was as high as it was, how it varied across Ireland, and how it affected different groups in the population such as women or children.

Professional associations and other producer groups often complain that their reputation is damaged by other groups providing a similar but lower-quality service and that the latter should be regulated. We examine the conditions under which a common regulatory regime can induce...