Details about W. Bentley Macleod

Homepage:	http://www.columbia.edu/~wbm2103
Postal address:	Department of Economics Columbia University 420 West 118th, Mail Code 3308 New York, NY 10027-7296
Workplace:	Department of Economics, School of Arts and Sciences, Columbia University, (more information at EDIRC) School of International and Public Affairs (SIPA), Columbia University, (more information at EDIRC)

Access statistics for papers by W. Bentley Macleod.

Last updated 2009-08-30. Update your information in the RePEc Author Service.

Short-id: pma156

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Jump to Journal Articles

Working Papers

2009

1. Anti-Lemons: School Reputation and Educational Quality
   NBER Working Papers, National Bureau of Economic Research, Inc

2008

2. Contracting in the Shadow of the Law
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in RAND Journal of Economics (2009)
3. Institutions and Contract Enforcement
   CESifo Working Paper Series, CESifo Group Munich
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008)
   IZA Discussion Papers, Institute for the Study of Labor (IZA) (2008)

2007

4. Patience Versus Decisiveness in Decision-Making
   Working Papers, University of Nevada, Reno, Department of Economics
5. Performance Pay and Wage Inequality
   IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations
   Departmental Working Papers, McGill University, Department of Economics (2006) View citations

2006

6. Construction Contracts (or How to Get the Right Building at the Right Price?)
   CESifo Working Paper Series, CESifo Group Munich
   Also in Discussion Papers, Columbia University, Department of Economics (2006)
   IZA Discussion Papers, Institute for the Study of Labor (IZA) (2006)
7. First Do No Harm?: Tort Reform and Birth Outcomes
   NBER Working Papers, National Bureau of Economic Research, Inc View citations
   See also Journal Article in The Quarterly Journal of Economics (2008)
8. Legal Default Rules: The Case of Wrongful Discharge Laws
   IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations
   Also in Discussion Papers, Columbia University, Department of Economics (2006) View citations
9. Reputations, Relationships and the Enforcement of Incomplete Contracts
   IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations
   Also in CESifo Working Paper Series, CESifo Group Munich (2006) View citations
   Discussion Papers, Columbia University, Department of Economics (2006) View citations

2005

10. Regulation or Markets? The Case of Employment Contract
    IEPR Working Papers, Institute of Economic Policy Research (IEPR) View citations

2004

11. Cut to the Bone Hospital Takeovers and Nurse Employment Contracts
    Working Papers, Princeton University, Department of Economics, Industrial Relations Section.
    Also in Working Papers, Princeton University, Department of Economics, Industrial Relations Section. (2004)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) View citations
    See also Journal Article in Industrial and Labor Relations Review (2005)
12. On the Efficiency of Standard Contracts the Case of Construction
    Working Papers, Princeton University, Department of Economics, Industrial Relations Section. View citations
13. Torts, Expertise, and Authority: Liability of Physicians and Managed Care Organizations
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
    See also Journal Article in RAND Journal of Economics (2005)

2003

14. Authority and Contract
    Levine's Bibliography, UCLA Department of Economics

2002

15. Evolutionary Bargaining with Cooperative Investments
    Computing in Economics and Finance 2002, Society for Computational Economics View citations

2001

16. Holdup and the Evolution of Bargaining Conventions
    Computing in Economics and Finance 2001, Society for Computational Economics View citations
17. Optimal Contracting with Subjective Evaluation
    Theory workshop papers, UCLA Department of Economics View citations
    See also Journal Article in American Economic Review (2003)

1998

18. Job Characteristics and the Form of Compensation
    CIRANO Working Papers, CIRANO View citations
19. Job Characteristics, Wages and the Employment Contract
    CIRANO Working Papers, CIRANO View citations
    See also Journal Article in Review (1999)
20. Supply Side Hysterisis: The Case of the Canadian Unemployment InsuranceSystem
    NBER Working Papers, National Bureau of Economic Research, Inc View citations
    Also in Boston College Working Papers in Economics, Boston College Department of Economics (1997)
    See also Journal Article in Journal of Public Economics (2000)

1997

21. Complexity, Contract and the Employment Relationship
    Boston College Working Papers in Economics, Boston College Department of Economics View citations
22. Gift Giving and the Evolution of Cooperation
    Boston College Working Papers in Economics, Boston College Department of Economics View citations
    See also Journal Article in International Economic Review (1997)
23. Motivation and Markets
    Boston College Working Papers in Economics, Boston College Department of Economics View citations
    Also in Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences (1997) View citations
    See also Journal Article in American Economic Review (1998)
24. Territorial Bargaining
    Boston College Working Papers in Economics, Boston College Department of Economics View citations

1996

25. Decision, Contract and Emotion: Some Economics for a Complex and Confusing World
    Boston College Working Papers in Economics, Boston College Department of Economics View citations
    See also Journal Article in Canadian Journal of Economics (1996)

1995

26. L'effet d'apprentissage et l'assurance-chomage
    Working Papers, Gouvernement du Canada - Human Resources

1994

27. Contract Bargaining with Symmetric Information (forthcoming in Canadian Journal of Economics)
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences
28. Turnover Costs, Efficiency Wages and Cycles (forthcoming in Annales d'Economie et de Statistique)
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences View citations

1993

29. Labor Turnover and the Natural Rate of Unemployment:Efficiency Wage vs Frictional Unemployment (Journal of Labor Economics, Vol.12, No.2, April 1994, pp.276-315)
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences
30. Motivation, Markets and Dual Economies
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences

1992

31. Equilibrium Selection in Experimental Games with Recommended Play
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations
    See also Journal Article in Games and Economic Behavior (1995)
32. Specific Investment and Wage Profiles in Labour Markets (European Economic Review, Vol.37, No.s 2/3, April 1993, pp.343-354)
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences

1991

33. Contracts Bargaining for Flows of Goods and Services in Finite Terms
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques
    Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1991)
34. Efficiency and Renegotiation in Repeated Games
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques View citations
    Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1991) View citations
    Working Papers, Queen's University, Department of Economics (1989)
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (1989)
    See also Journal Article in Journal of Economic Theory (1993)
35. INVESTMENTS, HOLD UP AND THE REFORM OF MARKET CONTRACTS
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ View citations
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1991) View citations
36. Incomplete Contracts and the Theory of Dual Economies
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1991)
37. Les contracts auto-executoires et la theorie des institutions du marche du travail
    Cahiers de recherche, Universite de Montreal, Departement de sciences economiques
    Also in Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ (1991)
38. MULTISKILLING, TECHNICAL CHANGE AND THE JAPANESE FIRM
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1991)
    See also Journal Article in Economic Journal (1993)

1990

39. CONTINUOUS TIME REPEATED GAMES WITH RENEGOTIATION
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990)
40. FIRM REPUTATION AND SELF-ENFORCING LABOUR CONTRACTS
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990)
    See also Journal Article in Journal of the Japanese and International Economies (1992)
41. THE RATCHET EFFECT AND THE MARKET FOR SECOND-HAND WORKERS
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990)
    See also Journal Article in Journal of Labor Economics (1992)
42. WAGE PREMIUMS AND THE PROFIT MAXIMIZATION IN EFFICIENCY WAGE MODELS
    Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ
    Also in Cahiers de recherche, Universite de Montreal, Departement de sciences economiques (1990)

1989

43. EFFICIENT SPECIFIC INVESTMENTS, INCOMPLETE CONTRACTS, AND THE ROLE OF MARKET ALTERNATIVES
    Working Papers, Tilburg - Center for Economic Research
44. LABOUR TURNOVER AND THE NATURAL RATE OF UNEMPLOYMENT: EFFICIENCY WAGE V.S FRICTIONAL UNEMPLOYMENT
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)
    Also in Working Papers, London School of Economics - Centre for Labour Economics (1989)
45. OPTIMAL LABOR CONTRACTS WITH NON-CONTRACTIBLE HUMAN CAPITAL
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations
    See also Journal Article in Journal of the Japanese and International Economies (1989)
46. RENEGOTIATION-PROOF EQUILIBRIA IN CONTINUOUS TIME GAMES
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)
    Also in Working Papers, Queen's University, Department of Economics (1989)
47. WAGE PREMIUMS AND PROFIT MAXIMISATION IN EFFICIENCY WAGE MODELS
    Working Papers, London School of Economics - Centre for Labour Economics View citations
    Also in UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) (1989)
    See also Journal Article in European Economic Review (1993)

1988

48. ENTRY, SUNK COSTS AND RENEGOTIATION IN DUOPOLY
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)
    See also Journal Article in Annales d'Economie et de Statistique (1989)
49. SPACIAL COMPETITION AND THE CORE
    UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC) View citations
    Also in Working Papers, Florida - College of Business Administration (1988) View citations
    Working Papers, Queen's University, Department of Economics (1987)
    See also Journal Article in The Quarterly Journal of Economics (1991)
50. The Theory of Contracts and Labor Practices in Japan and the United States
    Working Papers, Queen's University, Department of Economics

1987

51. Labour Turnover and the Natural Rate of Unemployment: An Incomplete Contracts Approach
    Working Papers, Queen's University, Department of Economics
52. Price Discrimination and Equilibrium in Monopolistic Competition
    Working Papers, Queen's University, Department of Economics View citations
    Also in CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) (1985)
    See also Journal Article in International Journal of Industrial Organization (1988)
53. Price Discrimination and Product Line Rivalry
    Working Papers, Queen's University, Department of Economics View citations
    Also in Discussion Paper Serie B, University of Bonn, Germany View citations
54. The Ratchet Effect, the Market for Senior Workers, and Intertemporal Commitment
    Working Papers, Queen's University, Department of Economics

1986

55. Behaviour and the Organization of the Firm
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in Journal of Comparative Economics (1987)
56. Entry, Sunk Costs and Market Structure
    Working Papers, Queen's University, Department of Economics View citations
    See also Journal Article in Canadian Journal of Economics (1987)
57. Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment
    Working Papers, Queen's University, Department of Economics View citations
    See also Journal Article in Econometrica (1989)
58. Involuntary Unemployment in Dynamic Contract Equilibria
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in European Economic Review (1987)

1985

59. Information, Sunk Costs and Entry Equilibria
    Working Papers, Queen's University, Department of Economics
60. Reputation and Hierarchy in Dynamic Models of Employment
    Working Papers, Queen's University, Department of Economics View citations
    See also Journal Article in Journal of Political Economy (1988)

1984

61. A theory of conscious parallelism
    CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
    See also Journal Article in European Economic Review (1985)
62. A theory of cooperative teams
    CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) View citations
63. Competition, collusion and free entry in spatial or differentiated product markets
    CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)
64. On Adjustment Costs and the Stability of Equilibria
    Working Papers, Queen's University, Department of Economics
    See also Journal Article in Review of Economic Studies (1985)
65. On the Effects of Sunk Costs
    Working Papers, Queen's University, Department of Economics
66. Stable leadership
    CORE Discussion Papers, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

1983

67. Conscious Parallelism and Predatory Pricing in a Contestable Market
    Working Papers, Queen's University, Department of Economics

Undated

68. A Note on the Optimality of Bonus Pay
    Canadian International Labour Network Working Papers, McMaster University

Journal Articles

2009

1. Contracting in the shadow of the law
   RAND Journal of Economics, 2009, 40, (3), 533-557
   See also Working Paper (2008)
2. Performance Pay and Wage Inequality-super-*
   The Quarterly Journal of Economics, 2009, 124, (1), 1-49 View citations

2008

3. First Do No Harm? Tort Reform and Birth Outcomes
   The Quarterly Journal of Economics, 2008, 123, (2), 795-830 View citations
   See also Working Paper (2006)
4. Hold-up and the evolution of investment and bargaining norms
   Games and Economic Behavior, 2008, 62, (1), 26-52 View citations

2007

5. Can Contract Theory Explain Social Preferences?
   American Economic Review, 2007, 97, (2), 187-192 View citations
6. Can Wrongful Discharge Law Enhance Employment?
   Economic Journal, 2007, 117, (521), 218-278
7. Reputations, Relationships, and Contract Enforcement
   Journal of Economic Literature, 2007, 45, (3), 595-628 View citations
8. THREE SOLITUDES IN CONTRACT: LAW, DATA, AND THEORY
   Scottish Journal of Political Economy, 2007, 54, (5), 606-616

2006

9. Welfare Economics with Intransitive Revealed Preferences: A Theory of the Endowment Effect
   Journal of Public Economic Theory, 2006, 8, (2), 193-218 View citations

2005

10. Aspiration uncertainty: its impact on decision performance and process
    Journal of Economic Behavior & Organization, 2005, 56, (4), 617-629 View citations
11. Cut to the bone? Hospital takeovers and nurse employment contracts
    Industrial and Labor Relations Review, 2005, 58, (3), 494-514 View citations
    See also Working Paper (2004)
12. Torts, Expertise, and Authority: Liability of Physicians and Managed Care Organizations
    RAND Journal of Economics, 2005, 36, (3), 494-519 View citations
    See also Working Paper (2004)

2003

13. Caring About Sunk Costs: A Behavioral Solution to Holdup Problems with Small Stakes
    Journal of Law, Economics and Organization, 2003, 19, (1), 106-118 View citations
14. Optimal Contracting with Subjective Evaluation
    American Economic Review, 2003, 93, (1), 216-240 View citations
    See also Working Paper (2001)

2002

15. Complexity, Bounded Rationality and Heuristic Search
    Contributions to Economic Analysis & Policy, 2002, 1, (1), 1059-1059 View citations

2000

16. Supply side hysteresis: the case of the Canadian unemployment insurance system
    Journal of Public Economics, 2000, 78, (1-2), 139-170 View citations
    See also Working Paper (1998)
17. Worker Cooperation and the Ratchet Effect
    Journal of Labor Economics, 2000, 18, (1), 1-19 View citations

1999

18. Comment on "Public and Private Bureaucracies: A Tranbsaction Cost Economics Perspective," by Oliver Williamson
    Journal of Law, Economics and Organization, 1999, 15, (1), 343-47
19. Job characteristics, wages, and the employment contract
    Review, 1999, (May), 13-27 View citations
    See also Working Paper (1998)

1998

20. Motivation and Markets
    American Economic Review, 1998, 88, (3), 388-411 View citations
    See also Working Paper (1997)

1997

21. Gift Giving and the Evolution of Cooperation
    International Economic Review, 1997, 38, (3), 485-509 View citations
    See also Working Paper (1997)

1996

22. Decision, Contract, and Emotion: Some Economics for a Complex and Confusing World
    Canadian Journal of Economics, 1996, 29, (4), 788-810 View citations
    See also Working Paper (1996)

1995

23. Administrative corruption and taxation
    International Tax and Public Finance, 1995, 2, (3), 397-417 View citations
24. Contract Bargaining with Symmetric Information
    Canadian Journal of Economics, 1995, 28, (2), 336-67 View citations
25. Equilibrium Selection in Experimental Games with Recommended Play
    Games and Economic Behavior, 1995, 11, (1), 36-63 View citations
    See also Working Paper (1992)
26. Turnover Costs, Efficiency Wages and Cycles
    Annales d'Economie et de Statistique, 1995, (37-38), 05 View citations

1994

27. Labor Turnover and the Natural Rate of Unemployment: Efficiency Wage versus Frictional Unemployment
    Journal of Labor Economics, 1994, 12, (2), 276-315 View citations

1993

28. Continuous Time Repeated Games
    International Economic Review, 1993, 34, (1), 21-37 View citations
29. Efficiency and Renegotiation in Repeated Games
    Journal of Economic Theory, 1993, 61, (1), 42-73 View citations
    See also Working Paper (1991)
30. Investments, Holdup, and the Form of Market Contracts
    American Economic Review, 1993, 83, (4), 811-37 View citations
31. Multiskilling, Technical Change and the Japanese Firm
    Economic Journal, 1993, 103, (416), 142-60 View citations
    See also Working Paper (1991)
32. Specific investment and wage profiles in labour markets
    European Economic Review, 1993, 37, (2-3), 343-354 View citations
33. The Role of Exit Costs in the Theory of Cooperative Teams: A Theoretical Perspective
    Journal of Comparative Economics, 1993, 17, (2), 521-529 View citations
34. Wage premiums and profit maximization in efficiency wage models
    European Economic Review, 1993, 37, (6), 1223-1249 View citations
    See also Working Paper (1989)

1992

35. Firm reputation and self-enforcing labor contracts
    Journal of the Japanese and International Economies, 1992, 6, (2), 144-162
    See also Working Paper (1990)
36. The Ratchet Effect and the Market for Secondhand Workers
    Journal of Labor Economics, 1992, 10, (1), 85-98 View citations
    See also Working Paper (1990)

1991

37. Spatial Competition and the Core
    The Quarterly Journal of Economics, 1991, 106, (3), 925-37 View citations
    See also Working Paper (1988)

1990

38. Information, incentives, and bargaining in the Japanese economy: Masahiko Aoki, (Cambridge University Press, Cambridge, 1988) pp. x + 320, $39.50
    Journal of Economic Behavior & Organization, 1990, 13, (3), 409-411

1989

39. Entry, Sunk Costs and Renegotiation in Duopoly
    Annales d'Economie et de Statistique, 1989, (15-16), 09
    See also Working Paper (1988)
40. Entry, Sunk Costs, and Market Structure: Reply
    Canadian Journal of Economics, 1989, 22, (2), 438-41
41. Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment
    Econometrica, 1989, 57, (2), 447-80 View citations
    See also Working Paper (1986)
42. Optimal labor contracts with non-contractible human capital
    Journal of the Japanese and International Economies, 1989, 3, (4), 385-402 View citations
    See also Working Paper (1989)

1988

43. Price discrimination and equilibrium in monopolistic competition
    International Journal of Industrial Organization, 1988, 6, (4), 429-446 View citations
    See also Working Paper (1987)
44. Reputation and Hierarchy in Dynamic Models of Employment
    Journal of Political Economy, 1988, 96, (4), 832-54 View citations
    See also Working Paper (1985)

1987

45. Behavior and the organization of the firm
    Journal of Comparative Economics, 1987, 11, (2), 207-220 View citations
    See also Working Paper (1986)
46. Competition, Tacit Collusion and Free Entry
    Economic Journal, 1987, 97, (385), 189-98 View citations
47. Entry, Sunk Costs, and Market Structure
    Canadian Journal of Economics, 1987, 20, (1), 140-51
    See also Working Paper (1986)
48. Involuntary unemployment in dynamic contract equilibria *
    European Economic Review, 1987, 31, (1-2), 427-435 View citations
    See also Working Paper (1986)

1985

49. A theory of conscious parallelism
    European Economic Review, 1985, 27, (1), 25-44 View citations
    See also Working Paper (1984)
50. On Adjustment Costs and the Stability of Equilibria
    Review of Economic Studies, 1985, 52, (4), 575-91
    See also Working Paper (1984)
51. On the non-existence of equilibria in differentiated product models
    Regional Science and Urban Economics, 1985, 15, (2), 245-262 View citations