This paper analyzes the use of non-compete clauses that deter a worker from using what she has learned with the firm to start a new firm. It shows, first, that such clauses are only likely to be used when the worker is subject to liquidity constraints. Second, when the worker is sufficiently liquidity constrained, legal restrictions on the length of the non-compete clause can increase the joint welfare of the worker and the firm. The model does not, however, justify a complete ban on non-compete clauses. ∗I thank Ken Ayotte, Joel Watson, and seminar participants at Georgetown, Law and Economics Theory Conference at Berkeley, and Pompeu Fabra. All errors are my own. 1
TITLE: Non-Competition Clause AUTHOR: Jan Rozner DEPARTMENT: Department of Labor Law and Social Secu...
We discuss a principal-agent model in which the principal has the opportunity to include a non-compe...
This Article argues that employee noncompetition agreements ought to be unenforceable. It begins by ...
The subject of this paper is the regulation of a non-compete clause in labour law. The key question ...
This essay aim to clear the regulations that adjusts the use of non-compete clauses in contracts o...
Employers have used non-compete clauses to deprive tens of millions of workers of the freedom to cha...
The need to introduce some special clauses in a separate main contract appeared from the need of em...
The common law has never treated a post-employment noncompete agreement between employer and employe...
This paper reviews the empirical evidence on the economic effects of non-compete agreements. Non-com...
For over three centuries, Anglo-American courts have assessed employee noncompete agreements under a...
In the vast majority of jurisdictions in the United States, a business may protect its confidential ...
In today's modern world of medicine, most, if not all, physician employment contracts contain non-co...
Jimmy John’s, a well-known sandwich chain, made national news in 2014 for requiring its sandwich mak...
Agreements not to compete are generally an anathema to free market advocates. Independent profit max...
On January 9, 2020, the FTC held a workshop on non-compete clauses. Professor Pierce wrote this arti...
TITLE: Non-Competition Clause AUTHOR: Jan Rozner DEPARTMENT: Department of Labor Law and Social Secu...
We discuss a principal-agent model in which the principal has the opportunity to include a non-compe...
This Article argues that employee noncompetition agreements ought to be unenforceable. It begins by ...
The subject of this paper is the regulation of a non-compete clause in labour law. The key question ...
This essay aim to clear the regulations that adjusts the use of non-compete clauses in contracts o...
Employers have used non-compete clauses to deprive tens of millions of workers of the freedom to cha...
The need to introduce some special clauses in a separate main contract appeared from the need of em...
The common law has never treated a post-employment noncompete agreement between employer and employe...
This paper reviews the empirical evidence on the economic effects of non-compete agreements. Non-com...
For over three centuries, Anglo-American courts have assessed employee noncompete agreements under a...
In the vast majority of jurisdictions in the United States, a business may protect its confidential ...
In today's modern world of medicine, most, if not all, physician employment contracts contain non-co...
Jimmy John’s, a well-known sandwich chain, made national news in 2014 for requiring its sandwich mak...
Agreements not to compete are generally an anathema to free market advocates. Independent profit max...
On January 9, 2020, the FTC held a workshop on non-compete clauses. Professor Pierce wrote this arti...
TITLE: Non-Competition Clause AUTHOR: Jan Rozner DEPARTMENT: Department of Labor Law and Social Secu...
We discuss a principal-agent model in which the principal has the opportunity to include a non-compe...
This Article argues that employee noncompetition agreements ought to be unenforceable. It begins by ...