Clause and Effect: Theory and Field Experimental Evidence on Noncompete Clauses
We study worker noncompete clauses in a large field experiment with two finance firms. Across ~14,000 job offers to freelance recruiters on short-term contracts, we randomize wages and the presence, salience, and duration of noncompetes (all contracts also included a nondisclosure agreement). Removing a noncompete increases mobility between competing employers by 36–52% and raises workers’ total earnings from the two firms by 12–17%. We find no evidence—rejecting even small effects—that removing noncompetes generates secret leakage.
Understanding Firms’ AI Efforts and Their Economic Impact
Our research asks a central question for businesses investing heavily in artificial intelligence: Is AI actually making firms more productive, and if so, how? Using 15 years of data on AI-skilled employment at U.S. public firms, we find that firms increasing their AI investments experienced significantly faster productivity growth from 2018 to 2024—roughly one percentage point of additional productivity growth per year for a one-standard-deviation increase in AI investment. Importantly, these gains do not appear immediately; they build gradually over several years.
Prompt Adaptation as a Dynamic Complement in Generative AI Systems
As generative-AI models become more powerful, organizations will only realize a portion of that improvement unless users learn to adjust how they interact with the models — prompt-adaptation becomes a critical skill for unlocking full value.
To capture the full benefits of new AI technologies, companies should invest not only in the latest models and infrastructure, but also in user training and workflow design — enabling teams to use the new technologies effectively.
The Public Pension Crisis: Contractual Rights and Constitutional Limits
A timely response to the pressing issue of public pension reform, The Public Pension Crisis explores the complex relationship between contract law and government pensions, specifically focusing on the Contract Clause and related state Pension Clauses. Analyzing over a decade of litigation, the book highlights the evolving role of pension contracts in constitutional law and examines more than 70 landmark cases to establish a clear, principled framework for determining when pension benefits qualify as contractual obligations. T.
The Caring Machine: Feeling AI for Customer Care
Feeling skills have always been a human domain, but AI is advancing rapidly. This article shows how AI can be used to develop feeling intelligence and build empathetic customer relationships.
Evolution of Ride Services: From Ride- Hailing to Autonomous Vehicles
In recent years the ride service industry has been evolving rapidly, driven by disruptive technologies such as mobile apps, AI, and autonomous vehicles (AVs). While platform-based decentralized ride hailing companies have gained significant market share, vertically-integrated robotaxi services using emerging AVs are starting to enter the market. In this paper, we aim to provide insights about the evolution and the future of ride services studying these two competing business approaches.