We study the managers' compensation schemes adopted by publicly listed family firms by means of a theoretical model and an empirical analysis. Existing empirical literature finds puzzling evidence about the structure of family CEOs' pay, which apparently contradicts the fundamental tenets of...

We study whether the personal interactions between buyers and sellers may bias the rating scores left by reviewers on digital platforms and affect consumer demand. Using data and text reviews from Airbnb in Barcelona in 2019, we perform semantic and regression analyses to measure the host’s...

The conflict of interest between shareholders in insider-dominated firms generates the agency problem of profit diversion, which intensifies when the controlling shareholder is the CEO. In a theoretical model, we show that incentive contracts can be employed to discipline diversion, and how they...

We study the optimal tariff structure that could induce a regulated utility to adopt energy efficiency activities given that it is privately informed about the effectiveness of its effort on demand reduction. The regulator should optimally offer a menu of incentive compatible two-part tariffs....

Time-inconsistent internet users neglect future privacy costs and release too much data to be monetized by digital platforms. We study how regulations that require user consent for data processing affect platform profits, welfare and user surplus, depending on business models and the degree of...