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stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the … firm requires for retention declines with the managers' tenure in the firm. Our key normative result shows that, compared …
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stochastically over time and is the managers' private information. Our key positive result shows that the productivity level that the … firm requires for retention declines with the managers' tenure in the firm. Our key normative result shows that, compared …
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