beliefs, we show that principals offer contracts that incentivize safe behavior when competition for managerial talent is low …. However, intense competition results in contracts that incentivize risk-taking. We find that factors that increase the … intensity of competition include greater search efficiency, larger project scales, and higher debt funding, all of which may be …

player wages by restricting competition for labor. Entry into the market by rival leagues challenged the incumbent monopsony … (1880-1919), this study examines the impact of inter-league competition on player wages. This study finds a positive salary … effect associated with rival league entry that is consistent with monopsony wage suppression, but the effect is stronger …

product market competition, rather than variation in the CEO talent distribution …

The contracts that shaped professional sport -- Sports and the law: the fine print -- Bringing back real competition. …

EMEs around the turn of the millennium, which signals increased competition and market contestability. …

overlook is the effect on non-executive pay of the competition for talent. Even if executive pay is regulated, and executives …-executives due to the negative externality that arises from that competition. Greater risk-taking can increase short-term profits and … tension between compensation and competition. Regulators should take account of the effect of competition on market …