Some Unpleasant General Equilibrium Implications of Executive Incentive Compensation Contracts
收藏NBER2009-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w15165
下载链接
链接失效反馈官方服务：
资源简介：
We consider a simple variant of the standard real business cycle model in which shareholders hire a self-interested executive to manage the firm on their behalf. Delegation gives rise to a generic conflict of interest mediated by a convex (option-like) compensation contract which is able to align
提供机构：
美国国家经济研究局
创建时间：
2009-07-01
