Homepage for W. Bentley MacLeod



Recent Changes

Tuesday, February 28

  1. page Research edited ... "Tenure Is Justifiable", Behavioral and Brain Sciences, 2006, Vol 29, Issue 6, pp. 5…
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    "Tenure Is Justifiable", Behavioral and Brain Sciences, 2006, Vol 29, Issue 6, pp. 581 582.
    "Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts", with Janet Currie and Mehdi Farsi, Industrial and Labor Relations Review, 2005, Vol 58, Issue 3, pp. 471-93.
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    pp. 216-240. See correction on how to fix Proposition 3.
    "Worker Cooperation and the Ratchet Effect", with Lorne Carmichael,Journal of Labor Economics, January 2000, Vol 18, pp. 1-19.
    Supply side hysteresis: the case of the Canadian unemployment insurance system", with Thomas Lemieux, Journal of Public Economics, October 2000, 78(1-2), pp. 139-170.
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    9:27 am
  2. page Optimal Contracting with Subjective Evaluation - Correction edited Optimal Contracting with Subjective Evaluation, American Economics Review, 2003, Correction Al…

    Optimal Contracting with Subjective Evaluation, American Economics Review, 2003, Correction

    Alexander Nekrasov, UIC Business School brought to my attention the fact that Proposition 3 in this paper is wrong. The results in the paper hold for the class of "authority contracts", as defined by MacLeod and Tan (2017) {MacLeod-Tan-Feb-2017.pdf} . That paper provides a more complete analysis of contracts in this class of models, including a formal model of opportunism.
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    9:25 am
  3. page Optimal Contracting with Subjective Evaluation - Correction edited Optimal Contracting with Subjective Evaluation, American Economics Review, 2003, Correction Ale…

    Optimal Contracting with Subjective Evaluation, American Economics Review, 2003, Correction
    Alexander Nekrasov, UIC Business School brought to my attention the fact that Proposition 3 in this paper is wrong. The results in the paper hold for the class of "authority contracts", as defined by MacLeod and Tan (2017) {MacLeod-Tan-Feb-2017.pdf} . That paper provides a more complete analysis of contracts in this class of models, including a formal model of opportunism.

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    9:25 am
  4. page Research edited ... Much of my recent work is concerned with expert decision making, both in terms of evaluating d…
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    Much of my recent work is concerned with expert decision making, both in terms of evaluating decision making (of judges and doctors) and trying to better understand how to design organizations and contract that better manage and employ experts. A fundamental problem is that the evaluation of experts is subjective, and hence short run market exchange is not always efficient. In "Reputation and School Choice" (with Miguel Urquiola) we show that a free market for reputation is not always efficient, and then provide some empirical evidence of these effects in "The Big Sort" (with Evan Riehl, Juan Saavedrea and Miguel Urquiola,).
    New Discussion Papers
    Opportunism in Principal-Agent Relationships with Subjective Evaluation {MacLeod-Tan-Feb-2017.pdf} , Appendix {MacLeod-Tan-Feb-2017-Appendix.pdf} , with Teck Yong Tan, February 25, 2017
    Optimal Contracting with Subjective Evaluation: The Effects of Timing, Malfeasance and Guile, with Teck Yong Tan, NBER working paper 22156.
    The Performance of Elected Officials: Evidence from State Supreme Courts, with Elliott Ash, supported by NSF SES-1260875, NBER working paper 22071.
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    9:19 am

Friday, February 24

  1. page Research edited ... The Performance of Elected Officials: Evidence from State Supreme Courts, with Elliott Ash, su…
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    The Performance of Elected Officials: Evidence from State Supreme Courts, with Elliott Ash, supported by NSF SES-1260875, NBER working paper 22071.
    Recent Public Lectures
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    {Macleod2017CJE.pdf} , public lecture at the Canadian Economics Association, May 2015. Publish in Canadian Journal
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    1, February 2017.2017, public lecture at the Canadian Economics Association, May 2015.
    Human Capital:
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    Pages 20-312, presented topublic lecture at the Society of Labor Economics,Economists, June 2015.
    Selected Publications
    Diagnosis and Unnecessary Procedure Use: Evidence from C-sections {CurrieMacLeod2017JOLE.pdf} , with J. Currie, Journal of Labor Economics, Vol 35, No. 1, 1-43, 2017.
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    4:18 pm
  2. page Research edited ... Selected Publications Diagnosis and Unnecessary Procedure Use: Evidence from C-sections {Curr…
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    Selected Publications
    Diagnosis and Unnecessary Procedure Use: Evidence from C-sections {CurrieMacLeod2017JOLE.pdf} , with J. Currie, Journal of Labor Economics, Vol 35, No. 1, 1-43, 2017.
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    Applied Economics, 2016.2017.
    Physician Practice Style and Patient Health Outcomes: The Case of Heart Attacks, with J. Currie, and Jessic van Parys, Journal of Health Economics, Volume 47, pp 64-80, 2016.
    Diagnosis and Unnecessary Procedure Use: Evidence from C-sections {CurrieMacLeod2017JOLE.pdf} , with J. Currie, Journal of Labor Economics, 2017, Vol 35, No. 1, 1-43.
    Intrinsic Motivation in Public Service: Theory and Evidence from State Supreme Courts , with Elliott Ash, supported by NSF SES-1260875, Journal of Law and Economics, Vol. 58: No. 4, Article 5, 2015.
    Reputation and School Choice, with Miguel Urquiola, American Economic Review, 105(11): 3471-88, 2015.
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    9:54 am
  3. page Research edited ... The Performance of Elected Officials: Evidence from State Supreme Courts, with Elliott Ash, su…
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    The Performance of Elected Officials: Evidence from State Supreme Courts, with Elliott Ash, supported by NSF SES-1260875, NBER working paper 22071.
    Recent Public Lectures
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    50, No. 1February1, February 2017.
    Human Capital: Linking behavior to rational choice via dual process theory, Labour Economics, Volume 41, August 2016, Pages 20-312, presented to the Society of Labor Economics, June 2015.
    Selected Publications
    Diagnosis and Unnecessary Procedure Use: Evidence from C-sections {CurrieMacLeod2017JOLE.pdf} , with J. Currie, Journal of Labor Economics, Vol 35, No. 1, 1-43, 2017.
    The Big Sort: College Reputation and Labor Market Outcomes, joint with Evan Riehl, Juan Saavedrea and Miguel Urquiola, forthcoming American Economics Journal: Applied Economics, 2016.
    Physician Practice Style and Patient Health Outcomes: The Case of Heart Attacks, with J. Currie, and Jessic van Parys, Journal of Health Economics, Volume 47, pp 64-80, 2016.
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    9:50 am
  4. page Research edited ... The Big Sort: College Reputation and Labor Market Outcomes, joint with Evan Riehl, Juan Saaved…
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    The Big Sort: College Reputation and Labor Market Outcomes, joint with Evan Riehl, Juan Saavedrea and Miguel Urquiola, forthcoming American Economics Journal: Applied Economics, 2016.
    Physician Practice Style and Patient Health Outcomes: The Case of Heart Attacks, with J. Currie, and Jessic van Parys, Journal of Health Economics, Volume 47, pp 64-80, 2016.
    ...
    Evidence from C-sections,C-sections {CurrieMacLeod2017JOLE.pdf} , with J. Currie, forthcoming Journal of Labor Economics.Economics, 2017, Vol 35, No. 1, 1-43.
    Intrinsic Motivation in Public Service: Theory and Evidence from State Supreme Courts , with Elliott Ash, supported by NSF SES-1260875, Journal of Law and Economics, Vol. 58: No. 4, Article 5, 2015.
    Reputation and School Choice, with Miguel Urquiola, American Economic Review, 105(11): 3471-88, 2015.
    Transactions Costs and the Employment Contract in the US Economy, with Daniel Parent. Journal of Law, Economics and Organization, published online March 25, 2014, doi:10.1093/jleo/ewu005.
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    and Contract EnforcmentEnforcement {Falk-Huffman-Macleod(2015)JOLE.pdf} ,”
    Savage Tables and Tort Law: An Alternative to the Precaution Model, with Janet Currie, Chicago Law Review, Vol. 81, No. 1 (Winter 2014), pp. 53-82.
    "Contract Form, Wage Flexibility, and Employment, " with Thomas Lemieux and Daniel Parent. American Economic Review, 2012, 102(3): 526-531
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    9:47 am

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