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their executives, the analysis of the effects of competition on the structure of compensation may be informative for policy … been a significant policy recommendation in light of the negative effects associated with overly restrictive regulation on … pay and performance. To the extent that product-market competition can affect the incentive schemes offered by firms to …
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competition are all found to be important determinants of long-run firm values, firm turnover, and market structure. Estimates for …
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I explore the effect of the threat posed by low-cost competitors on debt structure in the airline industry. I use the route network expansion of low-cost airlines to identify routes where the probability of future entry increase dramatically. I find that when a large portion of their market is...
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