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The Labor Boundaries of the Firm: Employment and Independent Contracting
Employment Independent Contracting
2015/9/21
When contracts are incomplete and control over pre-existing assets are
already assigned through onwership, the employment relation gives employers
rights to expropriate worker investment. In contras...
The 'IKEA Effect': When Labor Leads to Love
Investment Labor Resource Allocation Valuation
2015/4/24
In a series of studies in which consumers assembled IKEA boxes, folded origami, and built sets of Legos, we demonstrate and investigate the boundary conditions for what we term the "IKEA effect&"—the ...
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
Import Competition Labor Market
2014/9/10
We analyze the effect of rising Chinese import competition between 1990 and 2007 on US local labor markets, exploiting cross- market variation in import exposure stemming from initial differences in i...
Fairness Is an Emergent Self-Organized Property of the Free Market for Labor
CEO pay fairness entropy wage distribution income distribution
2010/10/20
The excessive compensation packages of CEOs of U.S. corporations in recent years have brought to the foreground the issue of fairness in economics. The conventional wisdom is that the free market for ...
