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"This book presents a collection of the latest research in decision management support systems and applies those theoretical considerations to best practices in the field through the use of empirical case studies and an analysis of new models and perspectives in knowledge management"--Provided...
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I build a model of optimal managerial compensation where managers each have a privately observed propensity to manipulate short-term stock prices. It is shown that this informational asymmetry reverses some of the conventional wisdom about the relationship between reliance on short-term pay and...
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Consider the monetary model of Lagos and Wright (JPE 2005) but with general preferences and general production. I show that preferences satisfying UXXUHH - (UXH)2 = 0 is a sufficient condition for the existence and uniqueness of monetary equilibrium with degenerate money distribution. I solve...
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