Due to thewideapplicationof the taskassignmenton the internet, teamformationproblemhas becomeanimportantresearchissue.ArecentlyproposedproblemClusterHireaimstofindateam ofexperts toaccomplishmultipleprojectswhichcanharvest amaximumprofitundera limited budget.However,thereexistredundanciesintheteamyieldedbyexistingalgorithms.Thispaper f...

I present a model in which a voter cannot learn the consensus opinion of experts. In the model a journalist reports on an unknown state to a voter who makes a policy decision. The journalist’s report consists of the opinion of a single neutral expert and a rejoinder by an opposition party. At some cost, the party may hire a credible expert to comment on its behalf. The more uniform is expert op...

Article history: Received 6 April 2007 Received in revised form 19 September 2008 Accepted 19 September 2008 Available online 11 October 2008 We examine investment banks' networking function in capital markets, using a sample of Private Investments in Public Equity (PIPEs). We argue that investment banks develop relationships with investors through repeat dealings, and that investment banks' ne...

This study outlines a new theory linking industry structure to optimal employment contracts and executive short-termism. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort firms must use some variable remuneration. Such remuneration introduces a myopia problem: an executive would wish to inflate early expected earnings at some risk...