There exists considerable evidence from educational measurement theorists that constructed-response questions add little new information about student achievement beyond that provided by multiple- choice questions. The purpose of this paper is to view this issue through the eyes of an economist,...

Empirical research on the organization of firms requires that firms be classified on the basis of their control structures. This should be done in a way that can potentially be made operational. It is easy to identify the ultimate controller of a hierarchical organization, and the literature has...

We consider tax competition in a world with tax bases exhibiting different degrees of mobility, modeled as mobile and immobile capital. An agreement among countries not to give preferential treatment to mobile capital results in an equilibrium where mobile capital is nevertheless taxed...

In this paper, we construct a simple model that illustrates a perverse effect associated with plea bargaining in which an increase in sanctions can lead to reduced deterrence. This finding is derived from the interaction of binding budgetary constraints and plea bargaining. In an environment...

Because contracts among input suppliers are incomplete, it is necessary to assign rights to determine the policies of the firm. Two leading contenders for such control rights are investors and workers. Large enterprises are generally controlled by capital suppliers or their agents. We trace this...

We study a sender/receiver game in which a large number of players engage in repeated anonymous interactions, over a long time horizon. We expand the standard sender/receiver game by adding a neutral action to the receiver's action space.