Gersbach, Hans; Schmutzler, Armin - In: European Economic Review 71 (2014) C, pp. 34-51
To examine the impact of globalization on managerial remuneration, we consider a matching model where firms compete both in the product market and in the managerial market. We show that globalization, i.e., the simultaneous integration of product markets and managerial pools, leads to an...