in The Journal of Law, Economics, and Organization
August 2011; p ublished online November 2009 .
Journal Article. Subjects: Information, Knowledge, and Uncertainy; Contract Law; Wages, Compensation, and Labour Costs; Mobility, Unemployment, and Vacancies; Corporate Governance. 19105 words.
We study the effects of noncompetition agreements by analyzing time-series and cross-sectional variation in the enforceability of these contracts across US states. We find that tougher...