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To examine the impact of globalization on managerial compensation, we consider a matching model where firms compete both in the product market and in the managerial market. We show that globalization, that is, the simultaneous integration of product markets and managerial pools, leads to an...
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"superstars", for whom small differences in talent are magnified into much larger earnings differences, while others may work in …
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inequality can be due to superstar dynamics or factor complementarities, Terviö ("Superstars and Mediocrities: Market Failure in …
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We review the economics of superstars, originally developed for stars in traditional media, and discuss whether they … overall result is that the economics of superstars, like the role of talent, market concentration effects, MacDonald-style and …
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