Changes

The paper list by class number and sub-section is as follows, with required readings in bold:

====Sub-Section I.) Reputational Incentives==== Class 1.) '''Career Concernsand "Signal Jamming" Models (3/16/10)*Fama, E.F. (1980), "Agency Problems and the Theory of the Firm," Journal of Political Economy, 88(2): 288 307 (Supplemental Reading) [http://www.edegan.com/pdfs/Fama%20(1980)%20-%20Agency%20Problems%20and%20the%20Theory%20of%20the%20Firm.pdf pdf]*'''*Holmstrom B. , (1999) ''' "Managerial Incentive Problems: A Dynamic Perspective," Review of Economic Studies, 66 (1), pp.: 169-182 [http://www.edegan.com/pdfs/Holmstrom%20(1999)%20-%20Managerial%20Incentive%20Problems.pdf pdf]*Holmstrom B. and J. Ricart i Costa (1985), "Managerial Incentives and Capital Management," Quarterly Journal of Economics, 101(4): 835 860 (Supplemental Reading) [http://www.edegan.com/pdfs/Holmstrom%20Costa%20(1985)%20-%20Managerial%20Incentives%20and%20Capital%20Management.pdf pdf]*'''Gibbons, R. and K.J. Murphy (1992)''', "Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence," Journal of Political Economy, 100 (3), pp.: 468-505 . [http://www.edegan.com/pdfs/Gibbons%20Murphy%20(1992)%20-%20Optimal%20Incentive%20Contracts%20in%20the%20Presence%20of%20Career%20Concerns.pdf pdf]*Dewatripont, M., I. Jewitt and J. Tirole (1999) "The Economics of Career Concerns, Part I: Comparing Information Systems," Review of Economic Studies, 66(1): 183-198 (Supplemental Reading) [http://www.edegan.com/pdfs/Dewatripont%20Jewitt%20Tirole%20(1999)%20-%20The%20Economics%20of%20Career%20Concerns%20Part%20I.pdf pdf]*Dewatripont, M., I. Jewitt and J. Tirole (1999) "The Economics of Career Concerns, Part II: Applications to Missions and Accountability of Government Agencies," Review of Economic Studies, 66(1): 199-217 (Supplemental Reading) [http://www.edegan.com/pdfs/Dewatripont%20Jewitt%20Tirole%20(1999)%20-%20The%20Economics%20of%20Career%20Concerns%20Part%20II.pdf pdf]*Prendergast, C. and L. Stole (1996) "Impetuous Youngsters and Jaded Old-timers: Acquiring a Reputation for Learning," Journal of Political Economy, 104: 1105-1134 (Supplemental Reading) [http://www.edegan.com/pdfs/Prendergast%20Stole%20(1996)%20-%20Impetuous%20Youngsters%20and%20Jaded%20Old%20timers.pdf pdf]*Meyer, M., and J. Vickers (1997) "Performance Comparisons and Dynamic Incentives," Journal of Political Economy, 105(3): 547-581 (Supplemental Reading) [http://www.edegan.com/pdfs/Meyer%20Vickers%20(1997)%20-%20Performance%20Comparisons%20and%20Dynamic%20Incentives.pdf pdf] Class 2.) Signaling Models of Reputation (4/6/10)*Kreps, D., P. Milgrom, J. Roberts and R. Wilson (1982) "Rational Cooperation in the Finitely Repeated Prisoners' Dilemma," Journal of Economic Theory, 27(2): 245 252 (Supplemental Reading) [http://www.edegan.com/pdfs/Kreps%20Milgrom%20Roberts%20Wilson%20(1982)%20-%20Rational%20Cooperation%20in%20the%20Finitely%20Repeated%20Prisoners%20Dilemma.pdf pdf]*'''Diamond, D. (1989)''', "Reputation Acquisition in Debt Markets," Journal of Political Economy, 97(4): 828 862 [http://www.edegan.com/pdfs/Diamond%20(1989)%20-%20Reputation%20Acquisition%20in%20Debt%20Markets.pdf pdf]*Horner, J. (2002) "Reputation and Competition," American Economic Review 92(3):644-663 (Supplemental Reading) [http://www.edegan.com/pdfs/Horner%20(2002)%20-%20Reputation%20and%20Competition.pdf pdf] Class 3.) Reputation as a Tradeable Asset and Incentive Provision (4/13/10)*'''Kreps, D. (1990)''' "Corporate Culture and Economic Theory," in J. Alt and K. Shepsle, Eds. Perspectives on Positive Political Economy, Cambridge University Press (Book excerpts available through [http://books.google.com/books?hl=en&lr=&id=JBrDXvye-1UC&oi=fnd&pg=PA221&dq=Kreps,+D.++%22Corporate+Culture+and+Economic+Theory&ots=d4JUQusjjf&sig=7RVgXjAlocVC8FDJd2Ke1MsbjxY Google Books])*Tadelis, S. (1999) "What’s in a Name? Reputation as a Tradeable Asset," American Economic Review, 89(3): 548 63 (Supplemental Reading) [http://www.edegan.com/pdfs/Tadelis%20(1999)%20-%20Whats%20in%20a%20Name%20Reputation%20as%20a%20Tradeable%20Asset.pdf pdf]*'''Tadelis, S. (2001)''' "The Market for Reputations as an Incentive Mechanism," Journal of Political Economy 110(4):854-882 [http://www.edegan.com/pdfs/Tadelis%20(2001)%20-%20The%20Market%20for%20Reputations%20as%20an%20Incentive%20Mechanism.pdf pdf]*Mailath, G., and L. Samuelson (2001), "Who Wants a Good Reputation?" Review of Economic Studies, April (reprinted with typo corrections in July) (Supplemental Reading) [http://www.edegan.com/pdfs/Mailath%20Samuelson%20(2001)%20-%20Who%20Wants%20a%20Good%20Reputation.pdf pdf] ====Sub Section II.) Empirical Tests of Reputational Incentive Models ==== Class 4.) Reputational Incentives (4/20/10)*'''Jin, G. and P. Leslie (2009)''' "Reputational Incentives for Restaurant Hygiene", American Economic Journal: Microeconomics, 1(1): 237-67 (Supplemental Reading) [http://www.edegan.com/pdfs/Jin%20Leslie%20(2009)%20-%20Reputational%20Incentives%20for%20Restaurant%20Hygiene.pdf pdf]*'''Cabral, Luis and Ali Hortacsu (2008)''' "Dynamics of Seller Reputation: Theory and Evidence from eBay" forthcoming, Journal of Industrial Economics [http://www.edegan.com/pdfs/Cabral%20Hortacsu%20(2008)%20-%20Dynamics%20of%20Seller%20Reputation.pdf pdf] Class 5.) Reputational Incentives cont. (4/27/10)*'''McDevitt, Ryan (2010)''' "Names and Reputations: An Empirical Analysis," mimeo, northwestern university (pdf not available at this time) *'''McDevitt, Ryan (2010)''' "A Business by Any Other Name: Firm Name Choice as a Signal of Firm Quality.," mimeo, northwestern university (pdf not available at this time) *Hubbard, Thomas (2002) "How Do Consumers Motivate Experts? Reputational Incentives in an Auto Repair Market," Journal of Law and Economics, October 2002, 437-468. (Supplemental Reading) [http://www.edegan.com/pdfs/Hubbard%20(2002)%20-%20How%20Do%20Consumers%20Motivate%20Experts.pdf pdf]*Resnick, Paul, Richard Zeckhauser, John Swanson, and Kate Lockwood (2006) "The Value of Reputation on eBay: A Controlled Experiment," Experimental Economics, Volume 9, Number 2 (Supplemental Reading) [http://www.edegan.com/pdfs/Resnick%20Zeckhauser%20Swanson%20Lockwood%20(2006)%20-%20The%20Value%20of%20Reputation%20on%20eBay.pdf pdf] ====Sub Section III.) Models of Procurement and Organization ==== Class 6.) Procurement Theory (5/4/10)*'''Levin, Jonathan and Steven Tadelis (2008)''' "Contracting for Government Services: Theory and Evidence from U.S. Cities," forthcoming, Journal of Industrial Economics. [http://www.edegan.com/pdfs/Levin%20Tadelis%20(2008)%20-%20Contracting%20for%20Government%20Services.pdf pdf]*'''Williamson, Oliver E. (1971)''', "The Vertical Integration of Production: Market Failure Considerations," American Economic Review, 61:112-23. [http://www.edegan.com/pdfs/Williamson%20(1971)%20-%20The%20Vertical%20Integration%20of%20Production.pdf pdf]*'''Goldberg, Victor P. (1977)''' "Competitive Bidding and the Production of Precontract Information," Bell Journal of Economics, 8:250-261 [http://www.edegan.com/pdfs/Goldberg%20(1977)%20-%20Competitive%20Bidding%20and%20the%20Production%20of%20Precontract%20Information.pdf pdf]*Holmstrom, Bengt and Paul Milgrom (1991) "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership and Job Design". Journal of Law, Economics and Organization 7:24-52. (Supplemental Reading) [http://www.edegan.com/pdfs/Holmstrom%20Milgrom%20(1991)%20-%20Multitask%20Principal%20Agent%20Analyses.pdf pdf]*McAfee, Preston and McMillan, John (1986) "Bidding for Contracts: a Principal-Agent Analysis," RAND Journal of Economics 17(3):326-338. (Supplemental Reading) [http://www.edegan.com/pdfs/McAfee%20McMillan%20(1986)%20-%20Bidding%20for%20Contracts.pdf pdf]*Bulow, Jeremy and Paul Klemperer (2006) "Auctions vs. Negotiations," American Economic Review 86:180-94.(Supplemental Reading) [http://www.edegan.com/pdfs/Bulow%20Klemperer%20(2006)%20-%20Auctions%20vs%20Negotiations.pdf pdf]*Hart, Oliver, (1995) "Firms, Contracts and Financial Structure", Oxford, Oxford University Press, 1995. (Supplemental Reading) (Book excerpts available through [http://books.google.com/books?hl=en&lr=&id=kTFaQQHGASMC&oi=fnd&pg=PA1&dq=Hart,+Oliver,++%22Firms,+Contracts+and+Financial+Structure&ots=2BJqTXGC1b&sig=HNZ6DUB0CrI2s80-XHqu2OcJ9Wg Google Books])*Hart, Oliver, Shleifer, Andrei and Vishny, Robert (1997) "The Proper Scope of Government: Theory and an Application to Prisons," Quarterly Journal of Economics, 112(4):1127-61 (Supplemental Reading) [http://www.edegan.com/pdfs/Hart%20Shleifer%20Vishny%20(1997)%20-%20The%20Proper%20Scope%20of%20Government.pdf pdf]*Bajari, Patrick and Steven Tadelis (2001) "Incentives Versus Transaction Costs: A Theory of Procurement Contracts." RAND Journal of Economics 32:387-407. (Supplemental Reading) [http://www.edegan.com/pdfs/Bajari%20Tadelis%20(2001)%20-%20Incentives%20Versus%20Transaction%20Costs.pdf pdf] Readers may also be interested in (added by Ed): *Kirkegaard, René (2006), "A short proof of the Bulow-Klemperer auctions vs. negotiations result", Economic Theory; June, Vol. 28 Issue 2, p449-452. [http://www.edegan.com/pdfs/Kirkegaard%20(2006)%20-%20A%20short%20proof%20of%20the%20Bulow%20Klemperer%20auctions%20vs%20negotiations%20result.pdf pdf] ====Sub-Section IV.) Procurement and Organization: Empirical Applications ==== Class 7.) Empirics on Procurement(5/6/10 Thursday or 5/11/10 Tuesday)*'''Banerjee, A. and Duflo E. (2000)''' "Reputation Effects and the Limits of Contracting: A Study of the Indian Software Industry," Quarterly Journal of Economics, 115:989-1018. [http://www.edegan.com/pdfs/Banerjee%20Duflo%20(2000)%20-%20Reputation%20Effects%20and%20the%20Limits%20of%20Contracting.pdf pdf]*'''Forbes, Silke J. and Mara Lederman, (2009)''' "Adaptation and Vertical Integration in the Airline Industry," American Economic Review, forthcoming. [http://www.edegan.com/pdfs/Forbes%20Lederman%20(2009)%20-%20Adaptation%20and%20Vertical%20Integration%20in%20the%20Airline%20Industry.pdf pdf]*Forbes, Silke J. and Mara Lederman, (2010) "The Performance Implications of Vertical Integration: Evidence from the Airline Industry," mimeo. (Supplemental Reading) (pdf not available at this time) *Bajari, Patrick, Stephanie Houghton and Steven Tadelis (2010) "Bidding for Incomplete Contracts: An Empirical Analysis," mimeo (Supplemental Reading) [http://www.edegan.com/pdfs/Bajari%20Houghton%20Tadelis%20(2010)%20-%20Bidding%20for%20Incomplete%20Contracts.pdf pdf]*Corts, Kenneth and Jasjit Singh (2004) "The Effect of Repeated Interaction on Contract Choice: Evidence from Offshore Drilling," Journal of Law, Economics and Organizations 20:230-260. (Supplemental Reading) [http://www.edegan.com/pdfs/Corts%20Singh%20(2004)%20-%20The%20Effect%20of%20Repeated%20Interaction%20on%20Contract%20Choice.pdf pdf]*Bajari, Patrick, Robert McMillan and Steven Tadelis (2009) "Auctions versus Negotiations in Procurement: An Empirical Analysis," Journal of Law, Economics and Organization 25:372-399 (Supplemental Reading) [http://www.edegan.com/pdfs/Bajari%20McMillan%20Tadelis%20(2009)%20-%20Auctions%20versus%20Negotiations%20in%20Procurement.pdf pdf]