W. Bentley MacLeod

Princeton University

http://www.wbmacleod.edu

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Columbia University - Department of Economics

420 W. 118th Street

New York, NY 10027

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

  • Princeton University

  • Columbia University - Department of Economics

  • IZA Institute of Labor Economics

SCHOLARLY PAPERS

50

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SSRN CITATIONS
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Top 1,399

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473

CROSSREF CITATIONS

625

Scholarly Papers (50)

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1.

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 Princeton University
Downloads 1,424 (23,905)
Citation 1

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2.

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
Princeton University and McGill University - Department of Economics
Downloads 938 (43,682)
Citation 19

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3.

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

Number of pages: 40 Posted: 02 Sep 2004
Surajeet Chakravarty and W. Bentley MacLeod
University of Exeter Business School and Princeton University
Downloads 865 (48,724)
Citation 6

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4.

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

Downloads 829 (51,734)

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 Princeton University
Downloads 829 (51,008)
Citation 13

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

Posted: 08 Apr 2003
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Princeton University

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5.

Complexity, Bounded Rationality, and Heuristic Search

Downloads 761 (58,030)

Complexity, Bounded Rationality, and Heuristic Search

Number of pages: 51 Posted: 12 Aug 1999
W. Bentley MacLeod
Princeton University
Downloads 761 (57,197)

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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
Princeton University

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6.

Cognition and the Theory of Learning by Doing

Number of pages: 37 Posted: 11 Sep 2000
W. Bentley MacLeod
Princeton University
Downloads 698 (65,053)
Citation 1

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Decision Theory, Learning by Doing, Incentives

7.

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
Princeton University
Downloads 646 (71,842)
Citation 20

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

8.

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 Princeton University
Downloads 578 (82,416)
Citation 1

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9.

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 Princeton University
Downloads 531 (91,717)
Citation 13

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law and economics, incomplete contracts, construction, agency theory

10.

On Optimal Contracting with Subjective Evaluation

Downloads 457 (109,979)

On Optimal Contracting with Subjective Evaluation

Number of pages: 34 Posted: 16 Jul 2001
W. Bentley MacLeod
Princeton University
Downloads 457 (108,840)
Citation 2

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On Optimal Contracting with Subjective Evaluation

Posted: 22 Jul 2003
W. Bentley MacLeod
Princeton University

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11.

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 Princeton University
Downloads 443 (114,006)
Citation 19

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12.

How Should a Behavioral Economist Do Welfare Economics?

Number of pages: 33 Posted: 26 Oct 2002
H. Lorne Carmichael and W. Bentley MacLeod
Queen's University and Princeton University
Downloads 345 (151,239)
Citation 3

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Bargaining, Fairness, Property Rights, Endowment Effect, Framing

13.

Performance Pay and Wage Inequality

Downloads 327 (160,203)
Citation 181

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, Princeton University and McGill University - Department of Economics
Downloads 242 (216,979)
Citation 27

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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 Last Revised: 16 Nov 2022
Thomas Lemieux, W. Bentley MacLeod and Daniel Parent
University of British Columbia (UBC) - Department of Economics, Princeton University and McGill University - Department of Economics
Downloads 85 (506,891)
Citation 40

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14.

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
Princeton University and Faculty of Economics, Chulalongkorn University
Downloads 287 (183,739)
Citation 4

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employment law, wrongful discharge, private contracts, default rules

15.

Holdup and the Evolution of Bargaining Conventions

Downloads 287 (183,739)

Holdup and the Evolution of Bargaining Conventions

Number of pages: 25 Posted: 28 Jul 2001
Herbert Dawid and W. Bentley MacLeod
Bielefeld University - Department of Business Administration and Economics and Princeton University
Downloads 287 (182,715)
Citation 1

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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 Princeton University

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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
Princeton University
Downloads 259 (203,810)
Citation 1

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17.

Contracts between Legal Persons

Downloads 239 (220,488)
Citation 3

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 Princeton University
Downloads 153 (329,121)
Citation 3

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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 Last Revised: 10 May 2023
Lewis A. Kornhauser and W. Bentley MacLeod
New York University School of Law and Princeton University
Downloads 86 (503,154)

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18.

Institutions and Contract Enforcement

Downloads 238 (221,377)
Citation 7

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
University of Bonn - Economic Science Area, IZA Institute of Labor Economics and Princeton University
Downloads 124 (388,932)
Citation 1

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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
University of Bonn - Economic Science Area, IZA Institute of Labor Economics and Princeton University
Downloads 63 (602,404)

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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 Last Revised: 26 Aug 2022
Armin Falk, David Huffman and W. Bentley MacLeod
University of Bonn - Economic Science Area, IZA Institute of Labor Economics and Princeton University
Downloads 51 (669,149)
Citation 2

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19.

Planning Costs and the Theory of Learning by Doing

Number of pages: 34 Posted: 21 Jul 2003
W. Bentley MacLeod
Princeton University
Downloads 200 (260,636)
Citation 3

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

20.

Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

Downloads 185 (279,383)
Citation 4

Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

Number of pages: 37 Posted: 28 Dec 2002
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
Princeton University, University of Neuchatel - Institute for Research in Economics (IRENE) and Princeton University
Downloads 144 (345,963)
Citation 3

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Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

NBER Working Paper No. w9428
Number of pages: 36 Posted: 03 Jan 2003 Last Revised: 17 Apr 2022
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
Princeton University, University of Neuchatel - Institute for Research in Economics (IRENE) and Princeton University
Downloads 41 (735,040)

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Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts

Posted: 06 May 2005
Janet Currie, Mehdi Farsi and W. Bentley MacLeod
Princeton University, University of Neuchatel - Institute for Research in Economics (IRENE) and Princeton University

Abstract:

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

21.

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

Number of pages: 39 Posted: 11 Sep 2000
W. Bentley MacLeod and Mark Pingle
Princeton University and University of Nevada, Reno - College of Business Administration - Department of Economics
Downloads 171 (299,294)

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22.

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
Princeton University and Columbia University
Downloads 167 (305,368)
Citation 4

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education, reputation, competition, labor markets

23.

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

Downloads 137 (359,129)
Citation 3

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
Princeton University
Downloads 97 (465,277)
Citation 4

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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 Last Revised: 08 May 2023
W. Bentley MacLeod
Princeton University
Downloads 40 (742,273)

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24.

Regulation or Markets? The Case of Employment Contract

Number of pages: 46 Posted: 08 Mar 2005
W. Bentley MacLeod
Princeton University
Downloads 124 (387,499)

Abstract:

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25.

Evolutionary Bargaining with Cooperative Investments

Number of pages: 28 Posted: 20 Nov 2002
Herbert Dawid and W. Bentley MacLeod
Bielefeld University - Department of Business Administration and Economics and Princeton University
Downloads 112 (417,454)
Citation 2

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26.

The Big Sort: College Reputation and Labor Market Outcomes

Downloads 110 (422,970)
Citation 36

The Big Sort: College Reputation and Labor Market Outcomes

CESR-Schaeffer Working Paper No. 2015-013
Number of pages: 73 Posted: 26 Jun 2015
W. Bentley MacLeod, Evan Riehl, Juan Saavedra and Miguel S. Urquiola
Princeton University, Cornell University, Department of Economics, University of Southern California - Department of Economics and Columbia University
Downloads 59 (623,318)
Citation 4

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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 Last Revised: 06 Jul 2023
W. Bentley MacLeod, Evan Riehl, Juan Saavedra and Miguel S. Urquiola
Princeton University, Cornell University, Department of Economics, University of Southern California - Department of Economics and Columbia University
Downloads 51 (669,149)
Citation 7

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27.

First Do No Harm?: Tort Reform and Birth Outcomes

NBER Working Paper No. w12478
Number of pages: 51 Posted: 30 Aug 2006 Last Revised: 07 Aug 2022
Janet Currie and W. Bentley MacLeod
Princeton University and Princeton University
Downloads 98 (458,698)
Citation 25

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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
Princeton University and Columbia University
Downloads 84 (505,594)
Citation 4

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education, markets, information

29.

Anti-Lemons: School Reputation and Educational Quality

NBER Working Paper No. w15112
Number of pages: 48 Posted: 30 Jun 2009 Last Revised: 17 Apr 2023
W. Bentley MacLeod and Miguel S. Urquiola
Princeton University and Columbia University
Downloads 64 (588,219)

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30.

Understanding Doctor Decision Making: The Case of Depression

NBER Working Paper No. w24955
Number of pages: 48 Posted: 17 Sep 2018 Last Revised: 10 Mar 2023
Janet Currie and W. Bentley MacLeod
Princeton University and Princeton University
Downloads 53 (644,358)
Citation 19

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31.

Past and Future Developments in the Economics of Relational Contracts

IZA Discussion Paper No. 16427
Number of pages: 31 Posted: 05 Sep 2023
Matthias Fahn, W. Bentley MacLeod and Gerd Muehlheusser
Johannes Kepler University Linz, Princeton University and University of Hamburg - Department of Economics
Downloads 50 (661,103)

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relational contracts, organizational economics

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
Princeton University and McGill University - Department of Economics
Downloads 48 (672,763)

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compensation, transactions costs, labor markets

33.

Supply Side Hysterisis: the Case of the Canadian Unemployment Insurance System

NBER Working Paper No. w6732
Number of pages: 50 Posted: 09 Jan 1999 Last Revised: 29 Nov 2022
Thomas Lemieux and W. Bentley MacLeod
University of British Columbia (UBC) - Department of Economics and Princeton University
Downloads 47 (678,790)

Abstract:

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34.

Contracting in the Shadow of the Law

NBER Working Paper No. w13960
Number of pages: 41 Posted: 23 Apr 2008 Last Revised: 25 Aug 2022
Surajeet Chakravarty and W. Bentley MacLeod
University of Exeter Business School and Princeton University
Downloads 43 (703,719)
Citation 6

Abstract:

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35.

Is Education Consumption or Investment? Implications for the Effect of School Competition

NBER Working Paper No. w25117
Number of pages: 37 Posted: 08 Oct 2018 Last Revised: 17 Feb 2023
W. Bentley MacLeod and Miguel S. Urquiola
Princeton University and Columbia University
Downloads 42 (710,351)
Citation 22

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36.

Reducing Partisanship in Judicial Elections Can Improve Judge Quality: Evidence from U.S. State Supreme Courts

NBER Working Paper No. w22071
Number of pages: 60 Posted: 14 Mar 2016 Last Revised: 23 Apr 2023
Elliott Ash and W. Bentley MacLeod
ETH Zürich and Princeton University
Downloads 42 (710,351)
Citation 5

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37.

Accidental Death and the Rule of Joint and Several Liability

NBER Working Paper No. w15412
Number of pages: 39 Posted: 13 Oct 2009 Last Revised: 11 Feb 2023
Daniel N Carvell, Janet Currie and W. Bentley MacLeod
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Princeton University and Princeton University
Downloads 42 (710,351)
Citation 5

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38.

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years on

IZA Discussion Paper No. 15881
Number of pages: 41 Posted: 20 Jan 2023
W. Bentley MacLeod and James M. Malcomson
Princeton University and University of Oxford - Department of Economics
Downloads 41 (717,147)

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relational contracts, informal enforcement, legal enforcement, incentives, private information

39.

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

NBER Working Paper No. w18977
Number of pages: 51 Posted: 08 May 2013 Last Revised: 10 May 2023
Janet Currie and W. Bentley MacLeod
Princeton University and Princeton University
Downloads 41 (717,147)
Citation 22

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40.

Why Does the U.S. Have the Best Research Universities? Incentives, Resources, and Virtuous Circles

IZA Discussion Paper No. 13203
Number of pages: 31 Posted: 14 May 2020
W. Bentley MacLeod and Miguel S. Urquiola
Princeton University and Columbia University
Downloads 36 (751,994)
Citation 3

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education, human capital, personnel economics

41.

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 Last Revised: 19 Jun 2022
Elliott Ash and W. Bentley MacLeod
ETH Zürich and Princeton University
Downloads 36 (751,994)
Citation 3

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42.

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 Last Revised: 24 Jun 2023
Janet Currie, W. Bentley MacLeod and Jessica Van Parys
Princeton University, Princeton University and Hunter College, CUNY
Downloads 32 (782,001)
Citation 11

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43.

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 Last Revised: 15 Jan 2023
W. Bentley MacLeod and Teck Yong Tan
Princeton University and University of Nebraska at Lincoln - Department of Economics
Downloads 23 (857,074)
Citation 25

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44.

Viewpoint: The Human Capital Approach to Inference

NBER Working Paper No. w22123
Number of pages: 38 Posted: 28 Mar 2016 Last Revised: 14 Jun 2023
W. Bentley MacLeod
Princeton University
Downloads 23 (857,074)

Abstract:

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45.

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 Princeton University

Abstract:

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46.

Regulation or Markets? The Case of Employment Contracts

USC CLEO Research Paper No. C05-2
Posted: 03 Feb 2005
W. Bentley MacLeod
Princeton University

Abstract:

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47.

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 Princeton University

Abstract:

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Unemployment insurance, Learning, Incentives, Unemployment, Hysteresis

48.

Motivation and Markets

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

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49.

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 Princeton University

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50.

Complexity, Contract and the Employment Relationship

USC Working Paper No. 97-22
Posted: 25 Feb 1998
W. Bentley MacLeod
Princeton University

Abstract:

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