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Executive compensation : the view from general equilibrium
Danthine, Jean-Pierre; Donaldson, John B. - 2007
Persistent link: https://www.econbiz.de/10003593051
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Executive compensation: the view from general equilibrium
Danthine, Jean-Pierre; Donaldson, John B. - 2007
Persistent link: https://www.econbiz.de/10003596280
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Executive compensation : the view from general equilibrium
Danthine, Jean-Pierre (contributor);  … - 2007
We study the dynamic general equilibrium of an economy where risk averse shareholders delegate the management of the firm to risk averse managers. The optimal contract has two main components: an incentive component corresponding to a non-tradable equity position and a variable 'salary'...
Persistent link: https://www.econbiz.de/10003550864
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The pure benefit of risk in production : real options in general equilibrium
Mandler, Michael - In: European economic review : EER 168 (2024), pp. 1-16
Persistent link: https://www.econbiz.de/10015076474
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The impact of entrepreneurial risk aversion on wages in general equilibrium
Feng, Ying; Rauch, James E. - 2015
One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …
Persistent link: https://www.econbiz.de/10010519937
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The firm size distribution across countries and skill-biased change in entrepreneurial technology
Poschke, Markus - 2014
: the entrepreneurship rate and the fraction of small firms fall with per capita income across countries, while average firm … newly introduces the last three to the literature. It then proposes a simple theory of skill-biased change in …'s potential payoffs in working and in entrepreneurship. If some firms consistently benefit more from technological progress than …
Persistent link: https://www.econbiz.de/10010250019
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Entrepreneurship, wage employment and control in an occupational choice framework
Douhan, Robin; Praag, Mirjam van - 2009
for higher returns to human capital for entrepreneurs. -- Entrepreneurship ; ability ; occupational choice ; human capital …
Persistent link: https://www.econbiz.de/10003860403
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Entrepreneurship, wage employment and control in an occupational choice framework
Douhan, Robin; Praag, Mirjam van - 2009
for higher returns to human capital for entrepreneurs. -- Entrepreneurship ; Ability ; Occupational Choice ; Human Capital …
Persistent link: https://www.econbiz.de/10003872559
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Entrepreneurship, wage employment and control in an occupational choice framework
Douhan, Robin; Praag, Mirjam van - 2009
Persistent link: https://www.econbiz.de/10003874424
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Entrepreneurship, wage employment and control in an occupational choice framework
Douhan, Robin; Praag, Mirjam van - 2009
We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
Persistent link: https://www.econbiz.de/10011378332