Nowadays, belief in the criteria and conditions of interactions with an organization to promote customer relationships is somehow tied to the organizational performance, and its final goal is of great importance. In the literature on organizational behavior, this belief is defined as the “psychological contract”. The intention of this mixed research is to identify and discover the contents of p...

a r t i c l e i n f o We establish the effects of salaries on worker performance by exploiting a natural experiment in which some workers in a particular occupation (football referees) switch from short-term contracts to salaried contracts. Worker performance improves among those who move onto salaried contracts relative to those who do not. The finding is robust to the introduction of worker f...

We study misaligned prices for logically related contracts in prediction markets. First, we uncover persistent arbitrage opportunities for risk-neutral investors between identical contracts on different exchanges. Examining the impact of several thousand dollars of transactions on the exchanges themselves in a randomized field trial, we document that price support extends well beyond what is se...

Two powerful and related trends in the organization of U.S. farming are: production is shifting to larger family farms and agricultural contracts are increasingly being used to guide the production and marketing of farm commodities. These combined structural changes affect productivity and costs in agriculture and in the broader food sector, and also affect the financial returns to farmers, ben...