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employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm …
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Introduction: finance as a working rich observatory -- The size of bonuses -- The distribution of bonuses -- Property rights in the firm -- The sense of ownership of profit -- Assets and power -- A hold-up case -- Towards a model of hold-up -- The labour market as asset transfer -- What do heads...
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-school and university, to examine the implications of this hypothesis for talent allocation and relative wages in the financial …
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