in The Oxford Handbook of Sports Economics
April 2012; p ublished online September 2012 .
Article. Subjects: Economics; Industry Studies; Financial Institutions and Services. 8340 words.
This chapter investigates the constraints that leagues impose on teams for payrolls and individual compensation, concentrating on those issues which are distinct to salary caps and luxury...
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in The Review of Financial Studies
August 2012; p ublished online April 2012 .
Journal Article. Subjects: Multiple or Simultaneous Equation Models; Multiple Variables; Game Theory and Bargaining Theory; Banking; Financial Regulation; Regulation and Industrial Policy. 16089 words.
We use a structural econometric model to provide empirical evidence that safety nets in the banking industry lead to additional risk taking. To identify the moral hazard effect of bailout...