• The Career Costs of Children 

      Adda, Jérôme; Dustmann, Christian; Stevens, Katrien
      Published 2011-11-01
      This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selection into more ...
      Open Access
      Working Paper
    • Marriage penalties, marriage, and cohabitation 

      Fisher, Hayley
      Published 2011-09-01
      I examine the effect of marriage penalties in the US income tax system on marital status. I construct a simulated instrument that exploits variation in the tax code over time and between US states to deal with potential ...
      Open Access
      Working Paper
    • A Swarm of Innovators: Information, Leadership and Innovation 

      Bel, Roland; Smirnov, Vladimir; Wait, Andrew
      Published 2011-11-01
      We study the interplay between innovation, communication in an organization and leadership. Although a firm requires both strong leadership and sufficient communication in order to innovate, we posit that frequent communication ...
      Open Access
      Working Paper
    • Treasure game 

      Matros, Alexander; Smirnov, Vladimir
      Published 2011-10-01
      A prize is located at an unknown point on an island. In each period, each of n players searches a subset of the as yet unsearched portion of the island. If one player alone finds the prize he wins it and the game ends. ...
      Open Access
      Working Paper
    • Ownership, access and sequential investment 

      Mai, Maxim; Smirnov, Vladimir; Wait, Andrew
      Published 2011-10-01
      We extend the property-rights framework to allow for: a separation of the ownership rights of access and veto; and sequential investment. Parties investing first (ex ante) do so before contracting is possible. Parties that ...
      Open Access
      Working Paper