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We examine an aspect of job search in the important context of executive-level jobs using a unique data set from a prominent executive search firm. Specifically, we observe whether or not executives pursue offers to be considered for a position at other companies. The fact that the initial call...
Persistent link: https://www.econbiz.de/10012459366
We present a model in which managers are risk-averse and firms compete for scarce managerial talent ("alpha"). When … managers are not mobile across firms, firms provide efficient compensation, which allows for learning about managerial talent … and for insurance of low-quality managers. When instead managers can move across firms, firms cannot offer co …
Persistent link: https://www.econbiz.de/10012459770
When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's...
Persistent link: https://www.econbiz.de/10012459779
Managerial delegation is essential for firm growth. While firms in poor countries often shun outside managers and …
Persistent link: https://www.econbiz.de/10012456767
prices to these fluctuations. These facts are analyzed within the framework of a multiproduct oligopoly model with product …
Persistent link: https://www.econbiz.de/10012471995
. Properly constructed, the game transfers significant oligopoly profits to the consumer. Australia's success -- she reaps …
Persistent link: https://www.econbiz.de/10012475217
Urban agglomerations arise at least in part out of the interaction between economies of scale in production and market size effects. This paper develops a simple spatial framework to develop illustrative models of the determinants of urban location, of the number and size of cities, and of the...
Persistent link: https://www.econbiz.de/10012475413
In most of the literature on auctions the valuations of agents are exogenously specified. This assumption may be inappropriate in a number of cases where valuations are better derived endogenously. Endogenous valuations are appropriate when there are many units being auctioned and their value is...
Persistent link: https://www.econbiz.de/10012475544
Persistent link: https://www.econbiz.de/10012477115
This paper analyzes the determination of the optimal tariff under the assumption of Consistent Conjectural Variations (CCV). A general characterization of the CCV equilibrium is given. We show that (i) there are, in general, a multiplicity of such equilibria, and (ii) under certain restrictions,...
Persistent link: https://www.econbiz.de/10012477204