J
James M. Malcomson
Researcher at University of Oxford
Publications - 87
Citations - 5837
James M. Malcomson is an academic researcher from University of Oxford. The author has contributed to research in topics: Wage & Efficiency wage. The author has an hindex of 34, co-authored 85 publications receiving 5717 citations. Previous affiliations of James M. Malcomson include Ifo Institute for Economic Research & University of Southampton.
Papers
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Journal ArticleDOI
Implicit contracts, incentive compatibility, and involuntary unemployment
TL;DR: In this paper, the authors consider the enforceability of employment contracts when employees' performance cannot be verified in court so that piece-rate contracts are not legally enforceable, and show that many such equilibria exist.
Posted Content
Investments, Holdup, and the Form of Market Contracts.
TL;DR: In this paper, incomplete contracts to induce efficient investment are analyzed and shown to generate "take or pay" contracts and explain why firms sometimes pay for specific investments that appear to benefit employees directly.
Book ChapterDOI
Work Incentives, Hierarchy, and Internal Labor Markets
TL;DR: In this article, the authors argue that contracts with payment based on a ranking of employee performance can provide performance incentives even under asymmetric information that prevents payments based on individual performance only being enforceable.
Posted Content
Contracts, hold-up and labor markets
TL;DR: The implications for labor markets of contracts to avoid hold-up of investments are assessed in this article, where the authors assess the implications of employment contracts for avoiding hold up of investments.
Journal ArticleDOI
Contracting for health services when patient demand does not reflect quality.
TL;DR: Analysis of contracts to keep down costs while maintaining quality of health services when patient demand does not reflect quality finds that some degree of cost sharing is typically optimal.