“CEO Pay and Appointments: A Market-Based Explanation for Recent Trends” (with Jan Zabojnik). 94 American Economic Review 192 (2004).

“The Effect of Industrial Diversity on State Unemployment Rate and Per Capita Income” (with Oded Izraeli). 37 Annals of Regional Science 1 (2003).

“Explaining Change in the Natural Rate of Unemployment: A Regional Approach” (with James E. Payne). 43 Quarterly Review of Economics and Finance 345 (2003).

“A General Equilibrium Model of the Payroll Tax Incidence of State Unemployment Insurance Systems.” 31 Public Finance Review 44 (2003).

“Stock-Based Pay in New Economy Firms.” 34 Journal of Accounting and Economics 129 (2003).

“The Trouble with Stock Options” (with Brian J. Hall). 17 Journal of Economic Perspectives 49 (2003).

“Explaining Executive Compensations: Managerial Power versus the Perceived Cost of Stock Options.” 69 The University of Chicago Law Review 847 (2002).

“Relational Contracts and the Theory of the Firm” (with others). 117 Quarterly Journal of Economics 39 (2002).

“Stock Options for Undiversified Executives” (with Brian J. Hall). 33 Journal of Accounting and Economics 2 (2002).

“Bringing the Market Inside the Firm?” (with George Baker and Robert Gibbons). American Economic Review (May 2001).

“Performance Standards in Incentive Contracts.” 30 Journal of Accounting and Economics 3 (December 2000).

“The Prince and the Pauper? CEO Pay in the U.S. and U.K.” (with Martin J. Conyon). Economic Journal (November 2000).

“Optimal Exercise Prices for Executive Stock Options” (with Brian J. Hall). American Economic Review 209 (May 2000).

“Informal Authority in Organizations” (with George Baker and Robert Gibbons). 15 Journal of Law, Economics, and Organizations (1999).

“Executive Compensation and the Modern Industrial Revolution.” 15 International Journal of Industrial Organization (July 1997).

“Reporting Choice and the 1992 Proxy Disclosure Rules.” 11 Journal of Accounting, Auditing, and Finance (Summer 1996).

“Incentives, Downsizing, and Value Creation at General Dynamics” (with Jay Dial). 37 Journal of Financial Economics (March 1995).

“Subjective Performance Measures in Optimal Incentive Contracts” (with George P. Baker and Robert Gibbons). Quarterly Journal of Economics (1994).

“Financial Performance Surrounding CEO Turnover” (with Jerold L. Zimmerman). 16 Journal of Accounting and Economics (1993). [Reprinted in The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) (Edward Elgar Publishing, 1999).]

“Does Executive Compensation Affect Investment?” (with Robert Gibbons). 5 Journal of Applied Corporate Finance (Summer 1992).

“Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence” (with Robert Gibbons). 100 Journal of Political Economy (June 1992). [Reprinted in The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) (Edward Elgar Publishing, 1999).]

“CEO Incentives: It’s Not How Much You Pay, But How” (with Michael C. Jensen). Harvard Business Review (May/June 1990). [Reprinted in 3 Journal of Applied Corporate Finance (Fall 1990).]

“Performance Pay and Top-Management Incentives” (with Michael C. Jensen). 98 Journal of Political Economy April 1990). [Reprinted in The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) ( Edward Elgar Publishing, 1999) and The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) (Edward Elgar Publishing, 1999).]

“Relative Performance Evaluation for Chief Executive Officers” (with Robert Gibbons). 43 Industrial and Labor Relations Review (February 1990). [Reprinted in Do Compensation Policies Matter? (Ronald G. Ehrenberg ed.) (ILR Press-Cornell, 1990)

“Compensation and Incentives: Practice vs. Theory” (with George P. Baker and Michael C. Jensen). 43 Journal of Finance (July 1988). [Reprinted in Corporate Governance ( K. Keasey, S. Thompson, and M. Wright, eds.) (Edward Elgar Publishing, 1999).]

“Incentives, Learning, and Compensation: A Theoretical and Empirical Investigation of Managerial Labor Contracts.” 17 Rand Journal of Economics (Spring 1986). [Reprinted in The Economics of Executive Compensation (Edward Elgar Publishing, 1999).]

“Top Executives Are Worth Every Nickel They Get.” 64 Harvard Business Review (March/April 1986). [Reprinted in Taking Sides, 2nd edition (Lisa H. Newton and Maureen M. Ford, eds.) (Dushkin Publishing Group, Inc., 1992).]

“Corporate Performance and Managerial Remuneration: An Empirical Investigation.” 7 Journal of Accounting and Economics (April 1985). [Reprinted in Labor Economics (O. Ashenfelter and K. F. Hallock, eds.) and Corporate Governance (K. Keasey, S. Thompson, and M. Wright, eds.) (Edward Elgar Publishing, 1999). and The Economics of Executive Compensation (K. J. Murphy and K. Hallock, eds.) (iEdward Elgar Publishing, 1999).]