Blankmeyer, Eric; LeSage, James P.; Stutzman, J. R.; … - In: Managerial and Decision Economics 32 (2011) 2, pp. 91-104
Although salary benchmarking is widely used to help set compensation, there has been a lack of attention to the statistical implications of this practice on compensation patterns of peer institutions. We adapt some empirical tools from spatial econometrics to analyze compensation decisions...