W. Bentley MacLeod

Columbia University - Department of Economics

420 W. 118th Street

New York, NY 10027

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

SCHOLARLY PAPERS

48

DOWNLOADS
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10,564

CITATIONS
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359

Scholarly Papers (48)

1.

Complexity and Contract

USC Law School, Olin Working Paper No. 00-1
Number of pages: 26 Posted: 25 Feb 2000
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 1,000 (13,326)
Citation 14

Abstract:

2.

Beyond Master-Servant: A Critique of Vicarious Liability

NYU, Law and Economics Research Paper No. 04-028; and USC Law and Economics Research Paper No. 04-28, EXPLORING TORT LAW, Stuart Madden, ed., Cambridge University Press, 2005
Number of pages: 31 Posted: 08 Dec 2004 Last Revised: 09 Jun 2008
Jennifer Arlen and W. Bentley MacLeod
New York University School of Law and Columbia University - Department of Economics
Downloads 822 (18,751)
Citation 3

Abstract:

Caring About Sunk Costs: A Behavioral Solution to Hold-up Problems with Small Stakes

USC Law School, Olin Working Paper No. 99-19
Number of pages: 21 Posted: 25 Jan 2000
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Columbia University - Department of Economics
Downloads 773 (24,177)
Citation 15

Abstract:

Caring About Sunk Costs: A Behavioral Solution to Hold-up Problems with Small Stakes

Journal of Law, Economics, & Organization, Vol. 19, No. 1, Spring 2003
Posted: 08 Apr 2003
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Columbia University - Department of Economics

Abstract:

4.

Job Characteristics and the Form of Compensation

USC Law School, Olin Working Paper No. 99-10
Number of pages: 73 Posted: 16 Jun 1999
W. Bentley MacLeod and Daniel Parent
Columbia University - Department of Economics and McGill University - Department of Economics
Downloads 699 (26,408)
Citation 27

Abstract:

Complexity, Bounded Rationality, and Heuristic Search

Number of pages: 51 Posted: 12 Aug 1999
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 652 (30,679)
Citation 5

Abstract:

Complexity, Bounded Rationality, and Heuristic Search

The B.E. Journals in Economic Analysis & Policy, Vol. 1, No. 1, 2002
Posted: 25 Sep 2003
W. Bentley MacLeod
Columbia University - Department of Economics

Abstract:

6.

Cognition and the Theory of Learning by Doing

USC Law School, Olin Research Paper No. 00-11
Number of pages: 37 Posted: 11 Sep 2000
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 589 (34,626)
Citation 2

Abstract:

Decision Theory, Learning by Doing, Incentives

7.

On the Efficiency of Standard Form Contracts: The Case of Construction

USC CLEO Research Paper No. C04-17
Number of pages: 40 Posted: 02 Sep 2004
Surajeet Chakravarty and W. Bentley MacLeod
University of Exeter Business School and Columbia University - Department of Economics
Downloads 576 (32,307)
Citation 6

Abstract:

8.

Reputations, Relationships and the Enforcement of Incomplete Contracts

CESifo Working Paper Series No. 1730, IZA Discussion Paper No. 1978
Number of pages: 53 Posted: 16 Feb 2006
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 507 (39,600)
Citation 54

Abstract:

contract, law and economics, reputation, repeated games, incomplete

9.

Torts, Expertise and Authority: Liability of Physicians and Managed Care Organizations

Rand Journal of Economics, Vol. 36, p. 494, 2005, USC CLEO Research Paper No. C03-13, NYU Law and Economics Research Paper No. 03-06, NYU Law School, Public Law Research Paper No. 61
Number of pages: 26 Posted: 28 Sep 2004 Last Revised: 17 Nov 2013
Jennifer Arlen and W. Bentley MacLeod
New York University School of Law and Columbia University - Department of Economics
Downloads 491 (41,308)
Citation 16

Abstract:

10.

Construction Contracts (or: How to Get the Right Building at the Right Price?)

IZA Discussion Paper No. 2125, CESifo Working Paper Series No. 1714
Number of pages: 43 Posted: 17 May 2006
Surajeet Chakravarty and W. Bentley MacLeod
University of Exeter Business School and Columbia University - Department of Economics
Downloads 447 (47,650)
Citation 2

Abstract:

law and economics, incomplete contracts, construction, agency theory

11.
Downloads 425 ( 54,064)
Citation 54

On Optimal Contracting with Subjective Evaluation

USC CLEO Research Paper No. C01-8; and USC Law and Economics Research Paper No. 01-11
Number of pages: 34 Posted: 16 Jul 2001
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 425 (53,539)
Citation 54

Abstract:

On Optimal Contracting with Subjective Evaluation

American Economic Review, Vol. 93, No. 1, pp. 216-240, March 2003
Posted: 22 Jul 2003
W. Bentley MacLeod
Columbia University - Department of Economics

Abstract:

12.

Malpractice Liability for Physicians and Managed Care Organizations

New York University Law Review, Vol. 78, p. 1929, 2003, NYU Law School, Public Law Research Paper No. 73, USC CLEO Research Paper No. C03-21, NYU, Ctr for Law and Business Research Paper No. 03-21
Number of pages: 78 Posted: 02 Oct 2003 Last Revised: 17 Nov 2013
Jennifer Arlen and W. Bentley MacLeod
New York University School of Law and Columbia University - Department of Economics
Downloads 365 (61,122)
Citation 12

Abstract:

13.

How Should a Behavioral Economist Do Welfare Economics?

USC CLEO Research Paper No. C02-18
Number of pages: 33 Posted: 26 Oct 2002
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Columbia University - Department of Economics
Downloads 306 (77,730)
Citation 1

Abstract:

Bargaining, Fairness, Property Rights, Endowment Effect, Framing

14.
Downloads 278 ( 88,417)
Citation 51

Performance Pay and Wage Inequality

IZA Discussion Paper No. 2850
Number of pages: 48 Posted: 05 Jul 2007
Thomas Lemieux, W. Bentley MacLeod and Daniel Parent
University of British Columbia (UBC) - Department of Economics, Columbia University - Department of Economics and McGill University - Department of Economics
Downloads 224 (110,414)
Citation 51

Abstract:

performance pay, compensation, bonus pay, incentive pay, wage inequality

Performance Pay and Wage Inequality

NBER Working Paper No. w13128
Number of pages: 47 Posted: 27 Jun 2007
Thomas Lemieux, W. Bentley MacLeod and Daniel Parent
University of British Columbia (UBC) - Department of Economics, Columbia University - Department of Economics and McGill University - Department of Economics
Downloads 54 (315,427)
Citation 51

Abstract:

15.
Downloads 267 ( 92,390)
Citation 3

Holdup and the Evolution of Bargaining Conventions

USC CLEO Research Paper No. C01-2; and USC Law and Economics Research Paper No. 01-14
Number of pages: 25 Posted: 28 Jul 2001
Herbert Dawid and W. Bentley MacLeod
Bielefeld University - Department of Business Administration and Economics and Columbia University - Department of Economics
Downloads 267 (91,925)
Citation 3

Abstract:

Hold up problem, bargaining, evolution

Holdup and the Evolution of Bargaining Conventions

European Journal of Economic and Social Systems, Vol. 15, No. 3, pp. 153-169, 2001
Posted: 24 Sep 2003
Herbert Dawid and W. Bentley MacLeod
Bielefeld University - Department of Business Administration and Economics and Columbia University - Department of Economics

Abstract:

Hold up problem, bargaining, evolution

16.

A Note on the Optimality of Bonus Pay

Number of pages: 12 Posted: 14 Mar 2000
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 237 (103,844)
Citation 1

Abstract:

17.

Legal Default Rules: The Case of Wrongful Discharge Laws

IZA Discussion Paper No. 1970
Number of pages: 56 Posted: 16 Feb 2006
W. Bentley MacLeod and Voraprapa Nakavachara
Columbia University - Department of Economics and University of Southern California - Department of Economics
Downloads 227 (103,844)
Citation 6

Abstract:

employment law, wrongful discharge, private contracts, default rules

18.
Downloads 158 (153,130)
Citation 3

Institutions and Contract Enforcement

CESifo Working Paper Series No. 2284
Number of pages: 61 Posted: 29 Apr 2008
Armin Falk, David Huffman and W. Bentley MacLeod
IZA Institute of Labor Economics, IZA Institute of Labor Economics and Columbia University - Department of Economics
Downloads 98 (222,797)
Citation 3

Abstract:

institutions, contracts, contract enforcement, market experiment

Institutions and Contract Enforcement

IZA Working Paper No. 3435
Number of pages: 58 Posted: 23 May 2008
Armin Falk, David Huffman and W. Bentley MacLeod
IZA Institute of Labor Economics, IZA Institute of Labor Economics and Columbia University - Department of Economics
Downloads 41 (356,442)
Citation 3

Abstract:

employment protection, efficiency wages, bonus pay, incomplete contracts, firing costs, experiment

Institutions and Contract Enforcement

NBER Working Paper No. w13961
Number of pages: 57 Posted: 23 Apr 2008
Armin Falk, David Huffman and W. Bentley MacLeod
IZA Institute of Labor Economics, IZA Institute of Labor Economics and Columbia University - Department of Economics
Downloads 19 (458,703)
Citation 3

Abstract:

19.

Planning Costs and the Theory of Learning by Doing

USC CLEO Research Paper No. C03-16
Number of pages: 34 Posted: 21 Jul 2003
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 147 (157,394)
Citation 2

Abstract:

Decision Theory, Learning by Doing, Contingent Plans, Status Quo Effects, Incomplete Contracts, Behavioral Economics

20.

An Experiment on the Relative Effects of Ability, Temperament and Luck on Search with Uncertainty

USC Law School, Olin Research Paper No. 00-12
Number of pages: 39 Posted: 11 Sep 2000
W. Bentley MacLeod and Mark Pingle
Columbia University - Department of Economics and University of Nevada, Reno - College of Business Administration - Department of Economics
Downloads 142 (163,855)

Abstract:

Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

USC CLEO Research Paper No. C02-28
Number of pages: 37 Posted: 28 Dec 2002
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
National Bureau of Economic Research (NBER), University of Neuchatel - Institute for Research in Economics (IRENE) and Columbia University - Department of Economics
Downloads 117 (195,934)
Citation 5

Abstract:

Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

NBER Working Paper No. w9428
Number of pages: 36 Posted: 03 Jan 2003
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
National Bureau of Economic Research (NBER), University of Neuchatel - Institute for Research in Economics (IRENE) and Columbia University - Department of Economics
Downloads 20 (452,860)
Citation 5

Abstract:

Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

Industrial & Labor Relations Review, Vol. 58, No. 3, pp. 471-493, April 2005
Posted: 06 May 2005
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
National Bureau of Economic Research (NBER), University of Neuchatel - Institute for Research in Economics (IRENE) and Columbia University - Department of Economics

Abstract:

nurses, California hospitals, monopolies, for-profits and nonprofits

22.

Regulation or Markets? The Case of Employment Contract

IEPR Working Paper No. 05.17
Number of pages: 46 Posted: 08 Mar 2005
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 92 (219,927)
Citation 4

Abstract:

Great Expectations: Law, Employment Contracts, and Labor Market Performance

IZA Discussion Paper No. 5357
Number of pages: 100 Posted: 13 Dec 2010
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 72 (270,876)
Citation 3

Abstract:

employment law, labor law, employment contract, employment contract, law and economics

Great Expectations: Law, Employment Contracts, and Labor Market Performance

NBER Working Paper No. w16048
Number of pages: 100 Posted: 07 Jun 2010
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 18 (464,329)
Citation 3

Abstract:

24.
Downloads 89 (235,899)
Citation 1

Contracts between Legal Persons

IZA Discussion Paper No. 5352
Number of pages: 56 Posted: 13 Dec 2010
Lewis A. Kornhauser and W. Bentley MacLeod
New York University School of Law and Columbia University - Department of Economics
Downloads 55 (312,551)
Citation 1

Abstract:

contract law, law and economics, contract breach, contract theory, incomplete contracts

Contracts between Legal Persons

NBER Working Paper No. w16049
Number of pages: 62 Posted: 07 Jun 2010
Lewis A. Kornhauser and W. Bentley MacLeod
New York University School of Law and Columbia University - Department of Economics
Downloads 34 (382,685)
Citation 1

Abstract:

25.

Evolutionary Bargaining with Cooperative Investments

USC CLEO Research Paper No. C02-19
Number of pages: 28 Posted: 20 Nov 2002
Herbert Dawid and W. Bentley MacLeod
Bielefeld University - Department of Business Administration and Economics and Columbia University - Department of Economics
Downloads 88 (229,354)
Citation 1

Abstract:

26.

First Do No Harm?: Tort Reform and Birth Outcomes

NBER Working Paper No. w12478
Number of pages: 51 Posted: 30 Aug 2006
Janet Currie and W. Bentley MacLeod
National Bureau of Economic Research (NBER) and Columbia University - Department of Economics
Downloads 65 (283,481)
Citation 23

Abstract:

27.

Anti-Lemons: School Reputation, Relative Diversity, and Educational Quality

IZA Discussion Paper No. 6805
Number of pages: 38 Posted: 06 Oct 2012
W. Bentley MacLeod and Miguel S. Urquiola
Columbia University - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 52 (253,939)
Citation 5

Abstract:

education, reputation, competition, labor markets

28.

Competition and Educational Productivity: Incentives Writ Large

IZA Discussion Paper No. 7063
Number of pages: 38 Posted: 15 Dec 2012
W. Bentley MacLeod and Miguel S. Urquiola
Columbia University - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 36 (343,125)
Citation 1

Abstract:

education, markets, information

29.

Anti-Lemons: School Reputation and Educational Quality

NBER Working Paper No. w15112
Number of pages: 48 Posted: 30 Jun 2009
W. Bentley MacLeod and Miguel S. Urquiola
Columbia University - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 35 (356,273)
Citation 5

Abstract:

30.

Supply Side Hysterisis: the Case of the Canadian Unemployment Insurancesystem

NBER Working Paper No. w6732
Number of pages: 50 Posted: 09 Jan 1999
Thomas Lemieux and W. Bentley MacLeod
University of British Columbia (UBC) - Department of Economics and Columbia University - Department of Economics
Downloads 24 (394,085)
Citation 10

Abstract:

The Big Sort: College Reputation and Labor Market Outcomes

CESR-Schaeffer Working Paper No. 2015-013
Number of pages: 73 Posted: 26 Jun 2015
Columbia University - Department of Economics, Columbia University, University of Southern California - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 12 (498,825)

Abstract:

education, Colombia, wage formation

The Big Sort: College Reputation and Labor Market Outcomes

NBER Working Paper No. w21230
Number of pages: 73 Posted: 08 Jun 2015
Columbia University - Department of Economics, Columbia University, University of Southern California - Department of Economics and Columbia University - Graduate School of Arts and Sciences - Department of Economics
Downloads 11 (504,570)
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Abstract:

32.

Transactions Costs and the Employment Contract in the US Economy

IZA Discussion Paper No. 7306
Number of pages: 45 Posted: 06 Apr 2013
W. Bentley MacLeod and Daniel Parent
Columbia University - Department of Economics and McGill University - Department of Economics
Downloads 18 (412,436)

Abstract:

compensation, transactions costs, labor markets

33.

Contracting in the Shadow of the Law

NBER Working Paper No. w13960
Number of pages: 41 Posted: 23 Apr 2008
Surajeet Chakravarty and W. Bentley MacLeod
University of Exeter Business School and Columbia University - Department of Economics
Downloads 17 (417,405)
Citation 7

Abstract:

34.

Accidental Death and the Rule of Joint and Several Liability

NBER Working Paper No. w15412
Number of pages: 39 Posted: 13 Oct 2009
Daniel N Carvell, Janet Currie and W. Bentley MacLeod
Columbia University, Graduate School of Arts and Sciences, Department of Economics, National Bureau of Economic Research (NBER) and Columbia University - Department of Economics
Downloads 16 (437,849)
Citation 1

Abstract:

35.

Can Wrongful Discharge Law Enhance Employment?

Economic Journal, Vol. 117, No. 521, pp. 218-278, June 2007
Number of pages: 61 Posted: 27 Jun 2007
W. Bentley MacLeod and Voraprapa Nakavachara
Columbia University - Department of Economics and University of Southern California - Department of Economics
Downloads 11 (484,032)
Citation 12
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Abstract:

36.

Physician Practice Style and Patient Health Outcomes: The Case of Heart Attacks

NBER Working Paper No. w21218
Number of pages: 50 Posted: 01 Jun 2015
Janet Currie, W. Bentley MacLeod and Jessica Van Parys
National Bureau of Economic Research (NBER), Columbia University - Department of Economics and Columbia University
Downloads 9 (473,770)
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Abstract:

37.

Three Solitudes in Contract: Law, Data, and Theory

Scottish Journal of Political Economy, Vol. 54, Issue 5, pp. 606-616, November 2007
Number of pages: 11 Posted: 05 Nov 2007
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 8 (498,636)
Citation 3
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Abstract:

38.

Intrinsic Motivation in Public Service: Theory and Evidence from State Supreme Courts

NBER Working Paper No. w20664
Number of pages: 77 Posted: 10 Nov 2014
Elliott Ash and W. Bentley MacLeod
Princeton University - Woodrow Wilson School of Public and International Affairs and Columbia University - Department of Economics
Downloads 3 (520,944)
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Abstract:

39.

Diagnosing Expertise: Human Capital, Decision Making and Performance Among Physicians

NBER Working Paper No. w18977
Number of pages: 51 Posted: 08 May 2013
Janet Currie and W. Bentley MacLeod
National Bureau of Economic Research (NBER) and Columbia University - Department of Economics
Downloads 2 (432,669)

Abstract:

40.

Optimal Contracting with Subjective Evaluation: The Effects of Timing, Malfeasance and Guile

NBER Working Paper No. w22156
Number of pages: 65 Posted: 11 Apr 2016
W. Bentley MacLeod and Teck Yong Tan
Columbia University - Department of Economics and Columbia University
Downloads 0 (535,814)
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Abstract:

41.

Viewpoint: The Human Capital Approach to Inference

NBER Working Paper No. w22123
Number of pages: 38 Posted: 28 Mar 2016
W. Bentley MacLeod
Columbia University - Department of Economics
Downloads 0 (484,032)
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Abstract:

42.

The Performance of Elected Officials: Evidence from State Supreme Courts

NBER Working Paper No. w22071
Number of pages: 67 Posted: 14 Mar 2016
Elliott Ash and W. Bentley MacLeod
Princeton University - Woodrow Wilson School of Public and International Affairs and Columbia University - Department of Economics
Downloads 0 (507,741)
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Abstract:

43.

Caring About Sunk Costs: A Behavioral Solution to Holdup Problems with Small Stakes

The Journal of Law, Economics, and Organization, Vol. 19, No. 1, pp. 106-118, 2003
Posted: 29 Feb 2008
Lorne Carmichael and W. Bentley MacLeod
Queen's University and Columbia University - Department of Economics

Abstract:

44.

Regulation or Markets? The Case of Employment Contracts

USC CLEO Research Paper No. C05-2
Posted: 03 Feb 2005
W. Bentley MacLeod
Columbia University - Department of Economics

Abstract:

45.

Supply Side Hysteresis: The Case Of The Canadian Unemployment Insurance System

Journal of Public Economics, Vol. 78, Issue 1-2, pp. 139-170, October 2000
Posted: 19 Aug 2001
Thomas Lemieux and W. Bentley MacLeod
University of British Columbia (UBC) - Department of Economics and Columbia University - Department of Economics

Abstract:

Unemployment insurance, Learning, Incentives, Unemployment, Hysteresis

46.

Motivation and Markets

USC Law School Olin Working Paper No. 97-23
Posted: 16 May 1998
W. Bentley MacLeod and James M. Malcomson
Columbia University - Department of Economics and University of Oxford - Department of Economics

Abstract:

47.

Fair Territory: Preferences, Bargaining, and the Endowment Effect

97-14
Posted: 06 Apr 1998
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Columbia University - Department of Economics

Abstract:

48.

Complexity, Contract and the Employment Relationship

USC Working Paper No. 97-22
Posted: 25 Feb 1998
W. Bentley MacLeod
Columbia University - Department of Economics

Abstract: