This paper analyzes the impact of labor market competition and skill-biased technical change on the structure of … compensation. The model combines multitasking and screening, embedded into a Hotelling-like framework. Competition for the most … perfect competition, the resulting efficiency loss can be larger than that imposed by a single firm or principal, who distorts …

Analyzing data from a unique survey of managers of Chinese private firms, we investigate how family ties with firm … heads affect managerial compensation and job assignment. We find that family managers earn higher salaries and receive more … bonuses, hold higher positions, and are given more decision rights and job responsibilities than non-family managers in the …

result can rationalize the high pay differential between CEOs and divisional managers. An increase in the synergy between two … particular agents can lead to a third agent being endogenously excluded from the team, even if his own synergy is unchanged. This … result has implications for optimal team composition and firm boundaries. …

result can rationalize the high pay differential between CEOs and divisional managers. An increase in the synergy between two … particular agents can lead to a third agent being endogenously excluded from the team, even if his own synergy is unchanged. This … result has implications for optimal team composition and firm boundaries. …

Many organizations rely on teamwork, and yet field evidence on the impacts of team-based incentives remains scarce …. Compared to individual incentives, team incentives can affect productivity by changing both workers’ effort and team … precise when the provision of team-based incentives crowds out the productivity enhancing effect of social connections under …