A central question in economics is understanding the difficulties that parties have in
reaching mutually beneficial agreements. Informational differences provide an appealing …

Publisher Summary There is a substantial body of economic research, largely theoretical but
with a recent empirical component, on the analysis of union behavior. This chapter reviews …

This paper reexamines the empirical basis for two" facts" that seem to be found in most cross-
section studies of immigrant earnings:(1) the earnings of immigrants grow rapidly as they …

The authors review studies conducted by themselves and coauthors that document a'self-
serving'bias in judgments of fairness and demonstrate that the bias is an important cause of …

This exciting volume marks the birth of a new field--a field that studies law with reference to
an accurate, rather than a crude, understanding of human behavior. Behavioral Law and …

Apersistently troubling question in the legal-economic literature is why cases proceed to
trial. Litigation is a negative-sum proposition for the litigants-the longer the process …

Wiederum ist nach kurzer Zeit eine Neuauflage notwendig geworden. Sie bot Gelegenheit
zu einer grundlichen~ berarbeitnn~. Dics bctrifft nicht nur die Datcn, die soweit wie moglich …

I estimate the change in the value of common stock resulting from an unexpected change in
collectively bargained labor costs. Using bargaining unit wage data and NYSE stock returns …

Foreign investment in Africa's mineral resources has increased dramatically. This paper
addresses three questions raised by this trend: do commercial mining investments increase …

In the presence of asymmetric information, the notion that firms may use a variety of
instruments to provide relevant information about themselves or their product is now well …