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. In equilibrium, higher quality managers are assigned more workers and their pay increases more than proportionally with …
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-based hierarchy model (Garicano, 2000; Garicano and Rossi-Hansberg, 2006). We use a unique dataset providing personnel records from a … dataset is that relationships within the hierarchy are reported and we can therefore identify the chain of command. Some of … that can not be explained by a static model of knowledge based hierarchy but rather by dynamic models of careers in …
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