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The Market for Conflicted Advice

Briana Chang , Martin Szydlowski   Sep 21,2018

Working Paper No.00046-00

We present a model of the market for advice in which advisers have conflicts of interest and compete for... Read More

Compensation in High Finance: A Theory of Periodic Labor Markets and Guaranteed Bonuses

Brian Waters , Edward Van Wesep   Dec 17,2018

Working Paper No.00048-00

We present a general equilibrium model of labor market ows that features a periodic equilibrium in which turnover is high... Read More

Screening and Adverse Selection in Frictional Markets

Benjamin Lester,Ali Shourideh,Venky Venkateswaran, Ariel Zetlin-Jones   Jul 06,2018

Working Paper No.00038-00

We incorporate a search-theoretic model of imperfect competition into an otherwise standard model of asymmetric information with unrestricted contracts.... Read More