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Dam, Kaniska; Pérez-Castrillo, David - Departament d'Economia i Història Econòmica, … - 2001

We propose a model based on competitive markets in order to analyze an economy with several principals and agents. We model the principal-agent economy as a two-sided matching game and characterize the set of stable outcomes of this principal-agent matching market. A simple mechanism to...

Persistent link: https://www.econbiz.de/10005572268

All-Star or benchwarmer? relative age, cohort size and career success in the NHL

Bryson, Alex; Gomez, Rafael; Zhang, Tingting - London School of Economics (LSE) - 2015

We analyze the performance outcomes of National Hockey League (NHL) players over 18 seasons (1990-1991 to 2007-2008) as … chiefly by supply-side factors in the form of excess cohort competition and not quality differences since the performance of … cohorts. Performance-adjusted wage losses for those born in large birth cohorts are therefore greater than the raw estimates …

Persistent link: https://www.econbiz.de/10011183329