Benjamin E. Hermalin

University of California, Berkeley

Schneider Professor

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

SCHOLARLY PAPERS

38

DOWNLOADS
Rank 299

SSRN RANKINGS

Top 299

in Total Papers Downloads

43,087

CITATIONS
Rank 206

SSRN RANKINGS

Top 206

in Total Papers Citations

1,693

Scholarly Papers (38)

1.

The Role of Boards of Directors in Corporate Governance: A Conceptual Framework & Survey

Charles A. Dice Center Working Paper No. 2008-21, ECGI - Finance Working Paper No. 228/2009, Fisher College of Business Working Paper No. 2008-03-020
Number of pages: 63 Posted: 18 Nov 2008 Last Revised: 23 Jul 2012
Renee B. Adams, Benjamin E. Hermalin and Michael S. Weisbach
University of New South Wales, Department of Banking and Finance, University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 7,130 (505)
Citation 126

Abstract:

endogenous governance, board of director selection and actions

2.

The Law and Economics of Contracts

Handbook of Law and Economics, Forthcoming, Columbia Law and Economics Working Paper No. 296
Number of pages: 144 Posted: 12 Jun 2006
Benjamin E. Hermalin, Avery W. Katz and Richard Craswell
University of California, Berkeley, Columbia University - Law School and Stanford Law School
Downloads 4,907 (961)
Citation 8

Abstract:

contract law, freedom of contract, contract formation, pre-contractual liability, promissory estoppel, interpretation, incomplete contracts, default rules, form and substance, breach of contract, contract damages, private enforcement of contracts, contract theory

3.
Downloads 4,296 ( 1,439)
Citation 29

Transparency and Corporate Governance

Number of pages: 27 Posted: 22 Jan 2007
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 4,202 (1,468)
Citation 29

Abstract:

Corporate Governance, Transparency, Optimal Disclosure, Contracting

Transparency and Corporate Governance

NBER Working Paper No. w12875
Number of pages: 28 Posted: 31 Jan 2007
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 94 (232,425)
Citation 29

Abstract:

4.

Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature

Number of pages: 39 Posted: 29 Jun 2000
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 3,456 (2,031)
Citation 484

Abstract:

boards of directors, corporate governance

5.

Information Disclosure and Corporate Governance

Fisher College of Business Working Paper No. 2008-03-016, Journal of Finance, Forthcoming, Charles A. Dice Center Working Paper No. 2008-17
Number of pages: 47 Posted: 10 Jan 2008 Last Revised: 02 Feb 2011
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 2,922 (2,653)
Citation 30

Abstract:

Corporate Governance, Corporate Disclosure

6.

Economics & Corporate Culture

Number of pages: 49 Posted: 10 May 1999
Benjamin E. Hermalin
University of California, Berkeley
Downloads 2,725 (2,950)
Citation 19

Abstract:

Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature

Economic Policy Review, Vol. 9, No. 1, April 2003
Number of pages: 20 Posted: 06 Sep 2005
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 2,508 (3,660)
Citation 500

Abstract:

Boards of Directors, economic literature, surveys

Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature

NBER Working Paper No. w8161
Number of pages: 41 Posted: 09 Mar 2001
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 201 (124,579)
Citation 500

Abstract:

Hospital Governance, Performance Objectives, and Organizational Form

Presented at Tuck-JFE Contemporary Corporate Governance Conference
Number of pages: 35 Posted: 25 Jul 2000
University of Arizona, University of California, Berkeley, Ohio State University (OSU) - Department of Finance and Harvard Business School
Downloads 1,241 (11,973)
Citation 21

Abstract:

board structure, corporate governance

Hospital Governance, Performance Objectives, and Organizational Form

Number of pages: 34 Posted: 24 Apr 2000
University of Arizona, University of California, Berkeley, Ohio State University (OSU) - Department of Finance and Harvard Business School
Downloads 684 (29,190)
Citation 20

Abstract:

Hospital Governance, Performance Objectives, and Organizational Form

NBER Working Paper No. w8201
Number of pages: 38 Posted: 31 Mar 2001
University of Arizona, University of California, Berkeley, Ohio State University (OSU) - Department of Finance and Harvard Business School
Downloads 94 (232,425)
Citation 21

Abstract:

9.

Toward an Economic Theory of Leadership: Leading by Example

Number of pages: 38 Posted: 07 May 1997
Benjamin E. Hermalin
University of California, Berkeley
Downloads 1,235 (11,602)
Citation 52

Abstract:

10.

Trends in Corporate Governance

Number of pages: 28 Posted: 09 Oct 2003
Benjamin E. Hermalin
University of California, Berkeley
Downloads 1,201 (12,358)
Citation 100

Abstract:

Board of directors, monitoring, CEO tenure and compensation

11.

Corporate Diversification and Agency

Number of pages: 37 Posted: 14 Feb 2000
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 1,136 (13,375)
Citation 8

Abstract:

12.
Downloads 1,116 ( 14,453)
Citation 21

A Framework for Assessing Corporate Governance Reform

Number of pages: 21 Posted: 15 Feb 2006
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 1,057 (15,453)
Citation 21

Abstract:

contract regulation, corporate governance, Sarbanes-Oxley

A Framework for Assessing Corporate Governance Reform

NBER Working Paper No. w12050
Number of pages: 22 Posted: 05 May 2006
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 59 (305,883)
Citation 21

Abstract:

13.

The Effect of Affect on Economic and Strategic Decision Making

USC CLEO Research Paper No. C01-5
Number of pages: 22 Posted: 11 Jan 2000
Benjamin E. Hermalin and Alice M. Isen
University of California, Berkeley and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 943 (17,276)
Citation 13

Abstract:

Affect, morale, emotion.

14.

Contract Renegotiation and Options in Agency Problems

Number of pages: 35 Posted: 26 Dec 1998
Aaron S. Edlin and Benjamin E. Hermalin
University of California at Berkeley and University of California, Berkeley
Downloads 565 (37,891)
Citation 26

Abstract:

15.

The Economics of Network Neutrality

RAND Journal of Economics, 2012, NET Institute Working Paper No. 10-25, NYU Law and Economics Research Paper No. 10-57
Number of pages: 39 Posted: 12 Dec 2010 Last Revised: 24 Dec 2013
Nicholas Economides and Benjamin E. Hermalin
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Berkeley
Downloads 541 (40,556)
Citation 11

Abstract:

Network Neutrality, Two-Sided Markets, Internet, Monopoly, Price Discrimination, Regulation, Congestion

16.

Firm Performance and Executive Compensation in the Savings and Loan Industry

Number of pages: 27 Posted: 25 Mar 1998
Benjamin E. Hermalin and Nancy Wallace
University of California, Berkeley and University of California, Berkeley - Real Estate Group
Downloads 449 (50,196)
Citation 32

Abstract:

17.

Understanding Firm Value and Corporate Governance

Number of pages: 36 Posted: 05 Aug 2010
Benjamin E. Hermalin
University of California, Berkeley
Downloads 441 (50,465)
Citation 3

Abstract:

corporate governance, executive compensation, firm het- erogeneity, trends in governance

18.
Downloads 429 ( 54,221)
Citation 26

Contract Renegotiation in Agency Problems

Number of pages: 37 Posted: 22 May 1997
Aaron S. Edlin and Benjamin E. Hermalin
University of California at Berkeley and University of California, Berkeley
Downloads 394 (59,569)
Citation 26

Abstract:

Contract Renegotiation in Agency Problems

NBER Working Paper No. w6086
Number of pages: 35 Posted: 04 Aug 2000
Aaron S. Edlin and Benjamin E. Hermalin
University of California at Berkeley and University of California, Berkeley
Downloads 35 (383,960)
Citation 26

Abstract:

Understanding Corporate Governance Through Learning Models of Managerial Competence

Fisher College of Business Working Paper No. 2014-03-04, Charles A. Dice Center Working Paper No. 2014-04
Number of pages: 32 Posted: 30 Mar 2014 Last Revised: 18 Apr 2014
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 350 (68,581)

Abstract:

Corporate Governance, Career Concerns, Learning and Assessment, Cognitive Biases

Understanding Corporate Governance Through Learning Models of Managerial Competence

NBER Working Paper No. w20028
Number of pages: 32 Posted: 14 Apr 2014
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 12 (505,196)

Abstract:

20.

Firm Value and Corporate Governance: Does the Former Determine the Latter?

Number of pages: 44 Posted: 03 Jan 2008
Benjamin E. Hermalin
University of California, Berkeley
Downloads 335 (69,374)

Abstract:

corporate governance, executive compensation, firm heterogeneity

21.

Leading for the Long-Term

Number of pages: 20 Posted: 26 Dec 1998
Benjamin E. Hermalin
University of California, Berkeley
Downloads 321 (75,070)
Citation 6

Abstract:

22.

The Economics of Product-Line Restrictions with an Application to the Network Neutrality Debate

AEI-Brookings Joint Center Working Paper No. 07-02
Number of pages: 48 Posted: 30 Jul 2007
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 318 (71,313)
Citation 23

Abstract:

product-line restrictions, duopoly model, welfare effects

23.

At the Helm, Kirk or Spock? The Pros and Cons of Charismatic Leadership

Number of pages: 56 Posted: 04 Apr 2014 Last Revised: 03 Oct 2014
Benjamin E. Hermalin
University of California, Berkeley
Downloads 221 (82,692)

Abstract:

leadership, charisma

24.

The Role of Boards of Directors in Corporate Governance: a Conceptual Framework and Survey

NBER Working Paper No. w14486
Number of pages: 60 Posted: 17 Nov 2008
Renee B. Adams, Benjamin E. Hermalin and Michael S. Weisbach
University of New South Wales, Department of Banking and Finance, University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 185 (134,974)
Citation 129

Abstract:

Assessing Managerial Ability: Implications for Corporate Governance

Forthcoming, The Handbook of the Economics of Corporate Governance, Charles A. Dice Center Working Paper No. 2017-01, Fisher College of Business Working Paper No. 2017-03-001
Number of pages: 86 Posted: 24 Jan 2017
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 154 (160,738)

Abstract:

Corporate Governance, Career Concerns, Learning and Assessment, Cognitive Biases

Assessing Managerial Ability: Implications for Corporate Governance

NBER Working Paper No. w23121
Number of pages: 86 Posted: 07 Feb 2017
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance
Downloads 23 (441,528)

Abstract:

Product Differentiation Through Exclusivity: Is There a One-Market-Power-Rent Theorem?

Number of pages: 38 Posted: 04 Nov 2010 Last Revised: 22 Dec 2010
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 165 (150,405)

Abstract:

Exclusive Contracts, Systems Competition, One-Monopoly-Rent Theorem

Product Differentiation Through Exclusivity: Is There a One‐Market‐Power‐Rent Theorem?

Journal of Economics & Management Strategy, Vol. 22, Issue 1, pp. 1-27, 2013
Number of pages: 27 Posted: 10 Jan 2013
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 3 (553,048)

Abstract:

The Strategic Use of Download Limits by a Monopoly Platform

NET Institute Working Paper No. 13-26, NYU Law and Economics Research Paper No. 14-09
Number of pages: 43 Posted: 06 Dec 2013 Last Revised: 30 Oct 2014
Nicholas Economides and Benjamin E. Hermalin
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Berkeley
Downloads 122 (192,308)

Abstract:

two-sided markets, Internet, download limits (caps), congested platforms, network neutrality, price discrimination

The Strategic Use of Download Limits by a Monopoly Platform

Number of pages: 42 Posted: 07 Mar 2015
Nicholas Economides and Benjamin E. Hermalin
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Berkeley
Downloads 18 (470,397)

Abstract:

two-sided markets, Internet, download limits (caps), congested platforms, network neutrality, price discrimination

The Strategic Use of Download Limits by a Monopoly Platform

NYU Working Paper No. 2451/33557
Number of pages: 35 Posted: 25 Apr 2016
Nicholas Economides and Benjamin E. Hermalin
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Berkeley
Downloads 13 (499,327)

Abstract:

two-sided markets, Internet, download limits (caps), congested platforms, network neutrality, price discrimination

The Strategic Use of Download Limits by a Monopoly Platform

Posted: 31 Mar 2014
Nicholas Economides and Benjamin E. Hermalin
New York University - Leonard N. Stern School of Business - Department of Economics and University of California, Berkeley

Abstract:

two-sided markets, Internet, download limits (caps), congested platforms, network neutrality, price discrimination

28.

When Less is More: How Limits on Executive Pay Can Result in Greater Managerial Effort and the Adoption of Better Strategies

Number of pages: 47 Posted: 04 Dec 2013
Peter Cebon and Benjamin E. Hermalin
University of Melbourne and University of California, Berkeley
Downloads 97 (209,683)

Abstract:

Executive compensation, boards of directors, relational vs. performance-based contracting

29.

Enterprise Law Conference of 2014: Edited Transcript

Number of pages: 202 Posted: 26 Sep 2014
Hitotsubashi University Graduate School of International Corporate Strategy, University of California, Berkeley - School of Law, Hitotsubashi University, Indiana University Maurer School of Law, University of California, Berkeley - School of Law, University of Tokyo - Graduate School of Law and Politics, University of California, Berkeley, Independent, Gakushuin University, Kobe University, Graduate School of Law, Waseda Business School, University of Tokyo, Tokyo Institute of Technology, Nagoya University, Graduate School of law, Columbia Law School, Independent, Waseda University - Graduate School of Commerce, Nomura Institute of Capital Markets Research, Harvard Law School, Indiana University Bloomington - School of Global and International Studies, Yale Law School, Waseda University, Independent, Doshisha University, Faculty of Law, Hitotsubashi University Graduate School of International Corporate Strategy, Independent, Independent, Independent, Independent, University of Virginia School of Law, Waseda University - School of Law and University of Tokyo - Faculty of Economics
Downloads 83 (116,503)

Abstract:

30.

Risks to Lenders and Borrowers in International Capital Markets

NBER Working Paper No. w6886
Number of pages: 49 Posted: 23 Jun 1999
Benjamin E. Hermalin and Andrew Kenan Rose
University of California, Berkeley and University of California - Haas School of Business
Downloads 38 (351,179)
Citation 3

Abstract:

31.

Why Whine About Wining and Dining?

Number of pages: 22 Posted: 08 Aug 2014
Benjamin E. Hermalin
University of California, Berkeley
Downloads 35 (354,371)

Abstract:

Inter-firm cooperation, incentives to help, gift exchange

32.

Unobserved Investment, Endogenous Quality, and Trade

Number of pages: 25 Posted: 06 Aug 2010
Benjamin E. Hermalin
University of California, Berkeley
Downloads 20 (443,533)

Abstract:

unobserved investment, endogenous quality, trade, holdup

33.

Customer or Complementor? Intercarrier Compensation with Two-Sided Benefits

Journal of Economics & Management Strategy, Vol. 20, Issue 2, pp. 379-408, 2011
Number of pages: 30 Posted: 21 Apr 2011
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 4 (522,756)
Citation 7

Abstract:

34.

What's So Special about Two-Sided Markets?

Economic Theory and Public Policies: Joseph Stiglitz and the Teaching of Economics, Forthcoming
Number of pages: 26 Posted: 06 May 2016
Benjamin E. Hermalin and Michael L. Katz
University of California, Berkeley and University of California, Berkeley - Economic Analysis & Policy Group
Downloads 0 (99,200)

Abstract:

Two-Sided Markets, Inefficient Rationing, Idiosyncratic Matching

35.

An Economic Analysis of Takings

JOURNAL OF LAW, ECONOMICS, AND ORGANIZATION, Vol 11 No 1, Spring 1995
Posted: 25 Oct 1999
Benjamin E. Hermalin
University of California, Berkeley

Abstract:

36.

Endogenously Chosen Boards of Directors and their Monitoring of the CEO

American Economic Review, Vol. 88
Posted: 04 Sep 1998
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance

Abstract:

37.

Buyouts in Large Companies

Columbia Law School Center for Law and Economics Working Paper #122
Posted: 18 May 1998
Benjamin E. Hermalin and Alan Schwartz
University of California, Berkeley and Yale Law School

Abstract:

38.

Endogenously Chosen Boards of Directors and Their Monitoring of Management

University of California at Berkeley, Boalt Hall School of Law Program in Law and Economics Working Paper 95-7
Posted: 08 May 1998
Benjamin E. Hermalin and Michael S. Weisbach
University of California, Berkeley and Ohio State University (OSU) - Department of Finance

Abstract: