This paper presents a unified framework for understanding the determinants of both CEO incentives and total pay levels … endogenize both elements of compensation. The model's closed form solutions yield testable predictions for how incentives should … and over time. The theory also predicts a positive relationship between pay volatility and firm volatility, and that risk …

This paper examines the characteristics of and interactions among measures to effect saving and investment incentives … ("S-I incentives")in the context of an income tax system that is inadequately indexed for inflation. Examples are … incentives are classified into "consumption tax" and "direct grant" types, and it is shown that these differ in their influence …

the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal … revisions in evaluating the neutrality of different incentives. Another point we would make is that Boadway's results depend … these important elements of the problem, general results about the neutrality of different incentives can no longer be …

not affect future payoffs, there are strong incentives to delay or accelerate investment to take advantage of predictable … elasticity of investment supply is high--between 10 and 20. Market prices do not react to the subsidy as the theory dictates …Investment decisions are inherently forward-looking. The payoff of acquiring capital goods, particularly long …

the costs associated with investment in fiber-optic networks are likely recoverable in some markets, but that there is a … large gap between social and private incentives to invest …

and base salary to assure their incentives for full effort. In addition to providing equity finance, venture capitalists …, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …

-management relations; 4) group incentives interact with high-performance human resource policies such as employee involvement teams …