This paper investigates firm characteristics associated with the choice of individual versus group compensation schemes for senior executives below the CEO level. We define individual compensation schemes where senior executives are compensated independently from other senior executives, where...

This paper investigates the firm performance implications associated with the choice of individual versus group compensation schemes for senior executives below the CEO level. We define individual compensation schemes where senior executives are compensated independently from other senior...

This paper describes the design of a new emissions trading scheme which is based on the principle of equity. The scheme is based on the principle that the atmosphere is common property to all humankind, and as such, all people have an unalienable right over air. As such there is little...