Narrow search
Showing 1 - 10 of 6,810
Cover Image
On the existence and prevention of asset price bubbles
Enders, Zeno; Hakenes, Hendrik - 2010
We develop a model of rational bubbles based on the assumptions of unknown market liquidity and limited liability of … condition for whether rational bubbles are possible. Based on this analysis, we discuss several widely-discussed policy measures … with respect to their effectiveness in preventing bubbles. A reduction of manager bonuses or a Tobin tax can create or …
Persistent link: https://www.econbiz.de/10008738294
Cover Image
Bubbles and incentives : an experiment on asset markets
Robin, Stéphane; Strážnická, Kateřina; Villeval, … - In: Economic and political studies : EPS 9 (2021) 1, pp. 68-89
Persistent link: https://www.econbiz.de/10012513702
Cover Image
Bonus schemes and trading activities
Pikulina, Elena; Renneboog, Luc; Horst, Jenke R. ter; … - 2013
Persistent link: https://www.econbiz.de/10009744146
Cover Image
Pay for Short-Term Performance : Executive Compensation in Speculative Markets
Bolton, Patrick - 2006
We argue that the root cause behind the recent corporate scandals associated with CEO pay is the technology bubble of the latter half of the 1990s. Far from rejecting the optimal incentive contracting theory of executive compensation, the recent evidence on executive pay can be reconciled with...
Persistent link: https://www.econbiz.de/10012466561
Cover Image
Executive Compensation and Short-termist Behavior in Speculative Markets
Bolton, Patrick - 2003
We present a multiperiod agency model of stock based executive compensation in a speculative stock market, where investors are overconfident and stock prices may deviate from underlying fundamentals and include a speculative option component. This component arises from the option to sell the...
Persistent link: https://www.econbiz.de/10012468976
Cover Image
Bonus Schemes and Trading Activity
Pikulina, Elena - 2013
Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. We study the effects of linear versus threshold (convex) bonus schemes on traders' behavior. Traders purchase and sell shares in an experimental stock...
Persistent link: https://www.econbiz.de/10013085803
Cover Image
Bonus Schemes and Trading Activity
Pikulina, Elena - 2013
Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. This paper studies the effects of linear versus threshold convex bonus schemes on traders' behavior. Traders purchase and sell shares in an experimental...
Persistent link: https://www.econbiz.de/10013081687
Cover Image
Bonus Schemes and Trading Activity
Pikulina, Elena - 2013
Little is known about how different bonus schemes affect traders' propensity to trade and which bonus schemes improve traders' performance. We study the effects of linear versus threshold (convex) bonus schemes on traders' behavior. Traders purchase and sell shares in an experimental stock...
Persistent link: https://www.econbiz.de/10013084263
Cover Image
Managerial incentives and stock price dynamics : an experimental approach
Te, Bao; Halim, Edward; Noussair, Charles; Riyanto, … - In: Experimental economics : a journal of the Economic … 24 (2021) 2, pp. 617-648
Persistent link: https://www.econbiz.de/10012544417
Cover Image
The aggregate impacts of tournament incentives in experimental asset markets
Paul, Debapriya Jojo; Henker, Julia; Owen, Sian - In: Experimental economics : a journal of the Economic … 22 (2019) 2, pp. 441-476
Persistent link: https://www.econbiz.de/10012299972