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Stock-Based Compensation and CEO (Dis)Incentives
Benmelech, Efraim - 2008
Stock-based compensation is the standard solution to agency problems between shareholders and managers. In a dynamic … managers to work harder, it also induces them to hide any worsening of the firm's investment opportunities by following largely …-valued while managers hide the bad news to shareholders. We find that a firm-specific compensation package based on both stock and …
Persistent link: https://www.econbiz.de/10012464915
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Multiproduct firms, income distribution, and trade
Schafgans, Marcia M. A.; Stibora, Joachim J. - 2014
Persistent link: https://www.econbiz.de/10010376455
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Intra-Industry Trade with Bertrand and Cournot Oligopoly : The Role of Endogenous Horizontal Product Differentiation
Brander, James A. - 2015
from trade under Bertrand and Cournot oligopoly. Firms differentiate their products to mitigate competition, but only if …
Persistent link: https://www.econbiz.de/10012457660
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Incomplete and asymmetric surplus information in labor relations in labor relations
Hennig-Schmidt, Heike (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001984350
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Allocating ideas: horizontal competition in tournaments
Ganuza, Juan José (contributor); Hauk, Esther (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001637701
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Endogenous price leadership
Damme, Eric E. C. van (contributor);  … - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001625982
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Delegation and information revelation
Gautier, Axel (contributor); Paolini, Dimitri (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001825744
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A way of explaining unemployment through a wage-setting game
Tasnádi, Attila (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001970281
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Dynamic Oligopoly Pricing with Asymmetric Information : Implications for Horizontal Mergers
Sweeting, Andrew; Tao, Xuezhen; Yao, Xinlu - National Bureau of Economic Research - 2021
We model differentiated product pricing by firms that possess private information about serially-correlated state variables, such as their marginal costs, and can use prices to signal information to rivals. In a dynamic game, signaling can raise prices significantly above static complete...
Persistent link: https://www.econbiz.de/10012496143
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A Theory of Income Smoothing When Insiders Know More Than Outsiders
Acharya, Viral V. - 2011
We consider a setting in which insiders have information about income that outside shareholders do not, but property rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent with outsiders' expectations based on publicly...
Persistent link: https://www.econbiz.de/10012460961