Details about Benjamin Hermalin

E-mail:
Homepage:	http://faculty.haas.berkeley.edu/hermalin/
Postal address:	University of California Haas School of Business S545 Student Services Bldg. #1900 Berkeley, CA 97420-1900
Workplace:	Department of Economics, University of California-Berkeley, (more information at EDIRC)

Access statistics for papers by Benjamin Hermalin.

Last updated 2016-07-31. Update your information in the RePEc Author Service.

Short-id: phe59

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Jump to Journal Articles Chapters

Working Papers

2017

1. Assessing Managerial Ability: Implications for Corporate Governance
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
2. Biased Monitors: Corporate Governance When Managerial Ability is Mis-assessed
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Chapter (2018)

2014

3. The Strategic Use of Download Limits by a Monopoly Platform
   Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics
   Also in Working Papers, NET Institute (2013) View citations (1)
   See also Journal Article in RAND Journal of Economics (2015)
4. Understanding Corporate Governance Through Learning Models of Managerial Competence
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2014) View citations (3)

2011

5. Information Disclosure and Corporate Governance
   SIFR Research Report Series, Institute for Financial Research View citations (2)
   Also in Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics (2009) View citations (2)
   See also Journal Article in Journal of Finance (2012)

2010

6. The Economics of Network Neutrality
   Working Papers, NET Institute View citations (2)
   Also in Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics (2010) View citations (1)
   See also Journal Article in RAND Journal of Economics (2012)

2009

7. Information and the Hold-Up Problem
   Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (9)
   See also Journal Article in RAND Journal of Economics (2009)
8. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
   Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (2)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (14)
   See also Journal Article in Journal of Economic Literature (2010)

2007

9. Transparency and Corporate Governance
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)

2006

10. A Framework for Assessing Corporate Governance Reform
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
11. Customer or Complementor? Intercarrier Compensation with Two-Sided Benefits
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley View citations (4)
    See also Journal Article in Journal of Economics & Management Strategy (2011)
12. The Economics of Product-Line Restrictions With an Application to the Network Neutrality Debate
    Competition Policy Center, Working Paper Series, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley
    See also Journal Article in Information Economics and Policy (2007)

2005

13. Sender or Receiver: Who should pay to Exchange an Electronic Messages?
    Working Paper Series, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation
    See also Journal Article in RAND Journal of Economics (2004)

2001

14. Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (80)
    See also Journal Article in Economic Policy Review (2003)
15. Hospital Governance, Performance Objectives, and Organizational Form
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
16. Implementing the First Best in an Agency Relationship with Renegotiation: A Corregendum
    Berkeley Olin Program in Law & Economics, Working Paper Series, Berkeley Olin Program in Law & Economics View citations (1)
    See also Implementing the First Best in an Agency Relationship with Renegotiation: A Corrigendum, Econometrica, Econometric Society View citations (1)

2000

17. Corporate Diversification and Agency
    Research Program in Finance, Working Paper Series, Research Program in Finance, Institute for Business and Economic Research, UC Berkeley View citations (2)
    Also in Industrial Organization, University Library of Munich, Germany (1996)
    Research Program in Finance Working Papers, University of California at Berkeley (2000) View citations (2)
    Finance, University Library of Munich, Germany (2000) View citations (5)
    Economics Working Papers, University of California at Berkeley (2000) View citations (2)
    Economics Working Papers, University of California at Berkeley (1994) View citations (1)
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1994) View citations (1)
18. The Effect of Affect on Economic and Strategic Decision Making
    Method and Hist of Econ Thought, University Library of Munich, Germany View citations (12)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1999) View citations (1)
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society (2000) View citations (16)
    Economics Working Papers, University of California at Berkeley (1999) View citations (2)

1999

19. Risks to Lenders and Borrowers in International Capital Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Chapter (1999)

1998

20. Buyouts in Large Companies
    Yale School of Management Working Papers, Yale School of Management View citations (1)
    See also Journal Article in The Journal of Legal Studies (1996)

1997

21. Contract Renegotiation in Agency Problems
    Microeconomics, University Library of Munich, Germany View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1997) View citations (2)
22. Firm Performance and Executive Compensation in the Savings and Loan Industry
    Finance, University Library of Munich, Germany View citations (2)
    See also Journal Article in Journal of Financial Economics (2001)
23. Toward an Economic Theory of Leadership: Leading by Example
    Microeconomics, University Library of Munich, Germany View citations (1)
    Also in Working Papers, University of California at Berkeley, Haas School of Business (1996)
    See also Journal Article in American Economic Review (1998)

1996

24. Endogenously Chosen Boards of Directors and Their Monitoring of the CEO
    Working Papers, University of California at Berkeley, Haas School of Business View citations (20)
    Also in Microeconomics, University Library of Munich, Germany (1996) View citations (3)
    See also Journal Article in American Economic Review (1998)
25. Organizational Fixed Costs and Organizational Structure
    Industrial Organization, University Library of Munich, Germany

1992

26. Heterogeneity in Organizational Form: Why Otherwise Identical Firms Choose Different Incentives for Their Managers
    Economics Working Papers, University of California at Berkeley View citations (6)
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1992) View citations (3)
    See also Journal Article in RAND Journal of Economics (1994)
27. Nonparametric Methods to Measure Efficiency: A Comparison of Methods
    Economics Working Papers, University of California at Berkeley
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1992)
28. The Determinants of Efficiency and Solvency in Savings and Loans
    Economics Working Papers, University of California at Berkeley
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1992)
    See also Journal Article in RAND Journal of Economics (1994)

1991

29. Contracting Between Sophisticated Parties: A More Complete View of Incomplete Contracts and Their Breach
    Economics Working Papers, University of California at Berkeley
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1991)
30. Managerial Preferences Concerning Risky Projects
    Economics Working Papers, University of California at Berkeley
    See also Journal Article in Journal of Law, Economics, and Organization (1993)
31. The Effects of Board Composition and Direct Incentives on Firm Performance
    Working Papers, Rochester, Business - Financial Research and Policy Studies View citations (361)
    See also Journal Article in Financial Management (1991)
32. The Effects of Competition on Executive Behavior
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley
    Also in Economics Working Papers, University of California at Berkeley (1991) View citations (3)
    See also Journal Article in RAND Journal of Economics (1992)
33. The Use of an Agent in a Signaling Model
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley
    Also in CEPREMAP Working Papers (Couverture Orange), CEPREMAP (1991)
    Economics Working Papers, University of California at Berkeley (1991) View citations (1)
    See also Journal Article in Journal of Economic Theory (1993)

1990

34. Adverse Selection, Short-Term Contracting, and the Underprovision of On-the-Job Training
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (2)
    Also in Economics Working Papers, University of California at Berkeley (1990) View citations (4)
    See also Journal Article in The B.E. Journal of Economic Analysis & Policy (2002)
35. Legal Restrictions on Private Contracts Can Enhance Efficiency
    DELTA Working Papers, DELTA (Ecole normale supérieure)
    See also Journal Article in Journal of Law, Economics, and Organization (1990)
36. Moral Hazard and Verifiability: The Effects of Renegotiation in Agency
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley
    Also in Economics Working Papers, University of California at Berkeley (1990) View citations (6)
    See also Journal Article in Econometrica (1991)
37. The Effects of Competitive Pressures on Executive Behavior
    Economics Working Papers, University of California at Berkeley
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1990)
38. Why Legal Restrictions on Private Contracts Can Enhance Efficiency
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (39)
    Also in Economics Working Papers, University of California at Berkeley (1990) View citations (42)

1989

39. Moral Hazard and Verifiability
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley
40. Role of outside considerations in the design of compensation schemes (the)
    CEPREMAP Working Papers (Couverture Orange), CEPREMAP
    Also in Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley (1989) View citations (1)

Journal Articles

2016

1. Platform-Intermediated Trade with Uncertain Quality
   Journal of Institutional and Theoretical Economics (JITE), 2016, 172, (1), 5-29 View citations (2)
2. Why Whine about Wining and Dining?
   Journal of Law, Economics, and Organization, 2016, 32, (1), 37-60

2015

3. The strategic use of download limits by a monopoly platform
   RAND Journal of Economics, 2015, 46, (2), 297-327 View citations (12)
   See also Working Paper (2014)
4. When Less Is More: The Benefits of Limits on Executive Pay
   Review of Financial Studies, 2015, 28, (6), 1667-1700

2013

5. Product Differentiation through Exclusivity: Is there a One-Market-Power-Rent Theorem?
   Journal of Economics & Management Strategy, 2013, 22, (1), 1-27 View citations (4)
6. The relational underpinnings of formal contracting and the welfare consequences of legal system improvement
   Economics Letters, 2013, 119, (1), 72-76 View citations (2)
7. Unobserved investment, endogenous quality, and trade
   RAND Journal of Economics, 2013, 44, (1), 33-55 View citations (5)

2012

8. Information Disclosure and Corporate Governance
   Journal of Finance, 2012, 67, (1), 195-234 View citations (55)
   See also Working Paper (2011)
9. The economics of network neutrality
   RAND Journal of Economics, 2012, 43, (4), 602-629 View citations (47)
   See also Working Paper (2010)

2011

10. Customer or Complementor? Intercarrier Compensation with Two‐Sided Benefits
    Journal of Economics & Management Strategy, 2011, 20, (2), 379-408 View citations (12)
    See also Working Paper (2006)

2010

11. The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
    Journal of Economic Literature, 2010, 48, (1), 58-107 View citations (314)
    See also Working Paper (2009)

2009

12. Information and the hold‐up problem
    RAND Journal of Economics, 2009, 40, (3), 405-423 View citations (9)
    See also Working Paper (2009)

2008

13. A model of the effect of affect on economic decision making
    Quantitative Marketing and Economics (QME), 2008, 6, (1), 17-40 View citations (13)
14. Vague Terms: Contracting when Precision in Terms is Infeasible
    Journal of Institutional and Theoretical Economics (JITE), 2008, 164, (1), 76-94 View citations (4)

2007

15. Leadership and Information
    American Economic Review, 2007, 97, (3), 944-947 View citations (32)
16. Leading for the long term
    Journal of Economic Behavior & Organization, 2007, 62, (1), 1-19 View citations (24)
17. The economics of product-line restrictions with an application to the network neutrality debate
    Information Economics and Policy, 2007, 19, (2), 215-248 View citations (62)
    See also Working Paper (2006)

2006

18. Privacy, property rights and efficiency: The economics of privacy as secrecy
    Quantitative Marketing and Economics (QME), 2006, 4, (3), 209-239 View citations (35)
19. Your network or mine? The economics of routing rules
    RAND Journal of Economics, 2006, 37, (3), 692-719 View citations (7)

2005

20. Trends in Corporate Governance
    Journal of Finance, 2005, 60, (5), 2351-2384 View citations (120)
21. What is Crime?
    Journal of Institutional and Theoretical Economics (JITE), 2005, 161, (2), 303-318 View citations (1)

2004

22. Governance, performance objectives and organizational form: evidence from hospitals
    Journal of Corporate Finance, 2004, 10, (4), 527-548 View citations (23)
23. Sender or Receiver: Who Should Pay to Exchange an Electronic Message?
    RAND Journal of Economics, 2004, 35, (3), 423-447 View citations (33)
    See also Working Paper (2005)

2003

24. Boards of directors as an endogenously determined institution: a survey of the economic literature
    Economic Policy Review, 2003, (Apr), 7-26 View citations (452)
    See also Working Paper (2001)

2002

25. Adverse Selection, Short-Term Contracting, and the Underprovision of On-the-Job Training
    The B.E. Journal of Economic Analysis & Policy, 2002, 1, (1), 1-21 View citations (2)
    See also Working Paper (1990)

2001

26. Firm performance and executive compensation in the savings and loan industry
    Journal of Financial Economics, 2001, 61, (1), 139-170 View citations (23)
    See also Working Paper (1997)

2000

27. Contract Renegotiation and Options in Agency Problems
    Journal of Law, Economics, and Organization, 2000, 16, (2), 395-423 View citations (55)

1999

28. The Firm as a Noneconomy: Some Comments on Holmstrom
    Journal of Law, Economics, and Organization, 1999, 15, (1), 103-06 View citations (2)

1998

29. Endogenously Chosen Boards of Directors and Their Monitoring of the CEO
    American Economic Review, 1998, 88, (1), 96-118 View citations (471)
    See also Working Paper (1996)
30. Toward an Economic Theory of Leadership: Leading by Example
    American Economic Review, 1998, 88, (5), 1188-1206 View citations (178)
    See also Working Paper (1997)

1996

31. Buyouts in Large Companies
    The Journal of Legal Studies, 1996, 25, (2), 351-70 View citations (6)
    See also Working Paper (1998)

1995

32. An Economic Analysis of Takings
    Journal of Law, Economics, and Organization, 1995, 11, (1), 64-86 View citations (35)

1994

33. A Comparison of Nonparametric Methods to Measure Efficiency in the Savings and Loan Industry
    Real Estate Economics, 1994, 22, (1), 169-193 View citations (2)
34. Heterogeneity in Organizational Form: Why Otherwise Identical Firms Choose Different Incentives for Their Managers
    RAND Journal of Economics, 1994, 25, (4), 518-537 View citations (24)
    See also Working Paper (1992)
35. The Determinants of Efficiency and Solvency in Savings and Loans
    RAND Journal of Economics, 1994, 25, (3), 361-381 View citations (22)
    See also Working Paper (1992)

1993

36. Judicial Modification of Contracts between Sophisticated Parties: A More Complete View of Incomplete Contracts and Their Breach
    Journal of Law, Economics, and Organization, 1993, 9, (2), 230-55 View citations (51)
37. Managerial Preferences Concerning Risky Projects
    Journal of Law, Economics, and Organization, 1993, 9, (1), 127-35 View citations (20)
    See also Working Paper (1991)
38. The Use of an Agent in a Signalling Model
    Journal of Economic Theory, 1993, 60, (1), 83-113 View citations (9)
    See also Working Paper (1991)

1992

39. The Effects of Competition on Executive Behavior
    RAND Journal of Economics, 1992, 23, (3), 350-365 View citations (64)
    See also Working Paper (1991)

1991

40. Moral Hazard and Verifiability: The Effects of Renegotiation in Agency
    Econometrica, 1991, 59, (6), 1735-53 View citations (78)
    See also Working Paper (1990)
41. The Effects of Board Composition and Direct Incentives on Firm Performance
    Financial Management, 1991, 20, (4) View citations (373)
    See also Working Paper (1991)
42. The negative effects of lender liability
    FRBSF Economic Letter, 1991, (sep20)

1990

43. Legal Restrictions on Private Contracts Can Enhance Efficiency
    Journal of Law, Economics, and Organization, 1990, 6, (2), 381-409 View citations (84)
    See also Working Paper (1990)

1988

44. The Determinants of Board Composition
    RAND Journal of Economics, 1988, 19, (4), 589-606 View citations (161)

Chapters

2018

1. Biased Monitors: Corporate Governance When Managerial Ability is Mis-assessed
   A chapter in Corporate Governance (NBER-TCER-CEPR Conference), 2018
   See also Working Paper (2017)

2012

2. Corporate Governance
   A chapter in The Handbook of Organizational Economics, 2012
3. Leadership and Corporate Culture
   A chapter in The Handbook of Organizational Economics, 2012 View citations (6)

2007

4. Contract Law
   Elsevier View citations (6)

1999

5. Risks to Lenders and Borrowers in International Capital Markets
   A chapter in International Capital Flows, 1999, pp 363-420 View citations (12)
   See also Working Paper (1999)