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Why Has CEO Pay Increased So Much?

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NBER2006-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12365
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This paper develops a simple equilibrium model of CEO pay. CEOs have different talents and are matched to firms in a competitive assignment model. In market equilibrium, a CEO's pay changes one for one with aggregate firm size, while changing much less with the size of his own firm. The model
创建时间:
2006-07-01
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