Contemporary public sector managers are forced develop a myriad of skills in order to effectively pursue and achieve organization objectives. The art of effective public sector management requires public managers to be cognizant of the cultural, social, systemic and institutional barriers which...

This paper examines the role of equity-based incentives in fostering cross-business-unit collaboration in multibusiness firms. We develop a formal agency model in which headquarters offers equity and profit incentives to business-unit managers with the objective of maximizing total expected firm...

Since the 1980s, the U.S. income distribution has become considerably more concentrated toward the top while the wealth distribution has not. I argue that this can be accounted for by occupational shifts caused by the decline in tax progressivity. To show this, I construct a dynamic general...