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Clawback Provisions in Executive Compensation Contracts

Stark, Johanna - 2020

Clawbacks are contractual provisions in executive compensation contracts that allow for an ex post recoupment of variable pay if certain triggering conditions are met. As a result of regulatory responses to financial crises and corporate scandals as well as of growing shareholder pressure to...

Persistent link: https://www.econbiz.de/10012833330

Winner’s Effort Maximization in Large Contests

Barbieri, Stefano; Serena, Marco - 2022

We investigate the temporal structure that maximizes the winner's effort in large homogeneous contests, thus extending Hinnosaar (2019)'s analysis of total effort. We find that the winner's effort ranges from a lower bound of 0 to an upper bound of one third of the value of the prize, depending...

Persistent link: https://www.econbiz.de/10013293114

Fiscal Treatment of Managerial Compensation - A Welfare Analysis

Hilmer, Michael - 2013

In a principal-agent model, we analyze the consequences of bonus taxes agents need to pay, limited deductibility of bonuses from company pro fits and a corporate income tax (CIT). We explore how these tax instruments a ffect managerial incentives and how they change the design of incentive...

Persistent link: https://www.econbiz.de/10013080728

Who Acts More Like a Game Theorist? Group and Individual Play in a Sequential Market Game and the Effect of the Time Horizon

Tan, Fangfang - 2013

Previous experimental results on one-shot sequential two-player games show that group decisions are closer to the subgame-perfect Nash equilibrium than individual decisions. We extend the analysis of inter-group versus inter-individual decision making by running both one-shot and repeated...

Persistent link: https://www.econbiz.de/10013092278

Endogenous Group Formation in Experimental Contests

Herbst, Luisa - 2014

experimental evidence on self-selection is in conformity with a theory analysis of the game …

Persistent link: https://www.econbiz.de/10013065195

Sequential Lottery Contests with Multiple Participants

Kahana, Nava - 2017

The literature on aggregative games, which has been applied in the study of contests, has focused on simultaneous games. We apply aggregative games techniques in a novel fashion in the analysis of sequential lottery contests with n players. It is shown that: (1) there exists a unique subgame...

Persistent link: https://www.econbiz.de/10012958970

A Belief-based Theory for Private Information Games

Serena, Marco - 2019

We propose a belief-based theory for private information games. A Bk player forms correct beliefs up to the k …, as in standard game theory. Heuristic beliefs ignore the distribution of types and are rather heuristic projections of … version of the game, where the entire hierarchy of beliefs is heuristic. We ground the belief-based theory on the …

Persistent link: https://www.econbiz.de/10012901411

Contests with Supporters

Goel, Bharat - 2019

In many real-world contests (political elections / lobbying for public projects), contestants try to engage supporters (unemployed youth / local residents) to fight for them. Such contests have the following features: a significant part of a contestant's supporter compensation is contingent upon...

Persistent link: https://www.econbiz.de/10012869619

Bowerbirds’ Mate-Selection Contests

Goel, Bharat - 2019

In the world of satin bowerbirds, the male-birds engage in a contest among themselves to win their mates: they spend considerable time and effort in decorating their own bowers, and then attempt to destroy the decorations of their rivals' bowers. The female-birds, in turn, select their mates on...

Persistent link: https://www.econbiz.de/10012869623

To Deter or to Moderate? Alliance Formation in Contests with Incomplete Information

Konrad, Kai A. - 2016

We consider two players' choice about the formation of an alliance ahead of conflict in a framework with incomplete information about the strength of co-players. When deciding on alliance formation, players anticipate the self-selection of other players and the informational value of own and...

Persistent link: https://www.econbiz.de/10013002527