A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
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下载链接：
https://www.nber.org/papers/w13372
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资源简介：
This paper presents a unified framework for understanding the determinants of both CEO incentives and total pay levels in competitive market equilibrium. It embeds a modified principal-agent problem into a talent assignment model to endogenize both elements of compensation. The model's closed form
提供机构：
美国国家经济研究局
创建时间：
2007-09-01
