Chapter 1. On the Rise: Player compensation and multiyear contracts -- Chapter 2. The puzzle of overpaid and underpaid players -- Chapter 3. Contract Options for Buyers and Sellers of Talent -- Chapter 4. Extensions to the put option model -- Chapter 5. Concluding remarks.

This paper explores the effects of official creditor subsidies to private lenders on loan pricing and credit availability. A two-period model is developed which includes a private lender, a sovereign borrower and an official creditor. The presence of credible sovereign collateral is shown to be...

This paper discusses, in a very general way, a system of IMF insurance against sovereign default that could be offered to private lenders and banking groups. The system could overcome many of the current issues that plague the international private lending market, such as moral hazard on the...

Chapter 1. Introduction -- Chapter 2. Use of empirical data to motivate the theoretical model. (new work) -- Chapter 3. A review of the two-team and N-team profit-maximizing model of a league -- Chapter 4. An exposition of the profit-maximizing league model with multiple equilibria. (some new...