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Do big inequalities in executive pay hurt firm performance?
Chung, Richard; DeVaro, Jed; Fung, Scott - 2024
evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls … relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted …
Persistent link: https://www.econbiz.de/10015075389
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Escaping social pressure: fixed-term contracts in multi-establishment firms
Bassanini, Andrea; Caroli, Eve; Fontaine, François; … - 2021
We develop a simple theoretical model showing that, by adding to the adjustment costs associated with permanent contracts, local social pressure against dismissals creates an incentive for CEOs to rely on fixed-term contracts, in an attempt to escape social pressure. Using linked...
Persistent link: https://www.econbiz.de/10012415958
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The importance of luck in executive promotion tournaments : theory and evidence
DeVaro, Jed; Fung, Scott - 2024
-based tournament theory to allow executives to choose the luck variance reveals that executives infuse their tournaments with a high …
Persistent link: https://www.econbiz.de/10015074517
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Bribes vs. taxes : market structure and incentives
Amodio, Francesco; Choi, Jieun; De Giorgi, Giacomo; … - 2018
Firms in developing countries often avoid paying taxes by making informal payments to tax officials. These bribes may raise the cost of operating a business, and the price charged to consumers. To decrease these costs, we designed a feedback incentive scheme for business tax inspectors that...
Persistent link: https://www.econbiz.de/10011881469
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Market characteristics, intra-firm coordination, and the choice of human resource management systems : evidence from new Japanese data
Kato, Takao (contributor); Ōwan, Hideo (contributor) - 2007
consistent with the theory) is that the adoption of both self-managed online teams and cross-functional offline teams usually … in firms with joint labor-management committees. We also confirm implications from our theory that firms in more …
Persistent link: https://www.econbiz.de/10003561667
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Productivity, welfare and reallocation : theory and firm-level evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - 2009
We prove that the change in welfare of a representative consumer is summarized by the current and expected future values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility while taking prices parametrically. This result justifies...
Persistent link: https://www.econbiz.de/10003925275
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Marketmaking middlemen
Gautier, Pieter; Hu, Bo; Watanabe, Makoto - 2016
This paper develops a model in which market structure is determined endogenously by the choice of intermediation mode. We consider two representative business modes of intermediation that are widely used in real-life markets: one is a middleman mode where an intermediary holds inventories which...
Persistent link: https://www.econbiz.de/10011526728
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Search frictions, competing mechanisms and optimal market segmentation
Cai, Xiaoming; Gautier, Pieter; Wolthoff, Ronald - 2016
In a market in which sellers compete for heterogeneous buyers by posting mechanisms, we analyze how the properties of the meeting technology affect the allocation of buyers to sellers. We show that a separate submarket for each type of buyer is the efficient outcome if and only if meetings are...
Persistent link: https://www.econbiz.de/10011476548
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The political economy of intergenerational income mobility
Ichino, Andrea; Karabarbounis, Loukas; Moretti, Enrico - 2010
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society … the intergenerational elasticity of income. The model clarifies how the interaction between private and collective … elasticity of income are not particularly informative about fairness without taking into account differences in politico …
Persistent link: https://www.econbiz.de/10003940498
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Earnings progression, human capital and incentives : theory and evidence
Frederiksen, Anders - 2010
The career prospects of newly recruited employees differ substantially within an organization. The stars experience a considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings...
Persistent link: https://www.econbiz.de/10003950720