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We consider the contracting problem between a firm and a manager. The manager provides productive efforts to increase the firm's financial performance and to reduce its carbon emissions. The outcome of these efforts depends on the manager's 'green' ability. The manager is interested in the...
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This paper studies career concerns -- concerns about the effects of current performance on future compensation -- and describes how optimal incentive contracts are affected when career concerns are taken into account. Career concerns arise frequently: they occur whenever the market uses a...
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Holmstrom's (1982/99) career concerns model has become a workhorse for analyzing agency issues in many fields. The underlying signal jamming argument requires players to use information in a Bayesian way, which is difficult to directly test with field data: typically little is known about the...
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Table of Contents -- The Industries at a Glance -- The Industries -- Overview -- The Bottom Line -- Industry Trends -- Non- Profit and Government Lingo -- Industry Rankings -- Breakdown of Industries -- The Organizations -- Key Non- Profits -- Key Government Agencies -- On the Job -- Non-...
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