Discouraging Rivals: Managerial Rent-Seeking and Economic Inefficiencies
收藏NBER1992-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4145
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资源简介：
We argue here for a broader view of the biases in managers' decisions: In general, managerial rent-seeking affects not only the level of investment, but also the form. Our basic hypothesis is simple: given the now well-established scope for managerial discretion, managers have an incentive to
提供机构：
美国国家经济研究局
创建时间：
1992-08-01
