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Business Cycles and Oligopoly Supergames : Some Empirical Evidence on Prices and Margins
Domowitz, Ian; Petersen, Bruce C.; Hubbard, R. Glenn - 2021
There has been a significant interest on a theoretical level in the application of supergames to oligopoly behavior …
Persistent link: https://www.econbiz.de/10013216122
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Pure public goods and income redistribution in a federation with decentralized leadership and imperfect labor mobility
Caplan, Arthur J.; Cornes, Richard; Silva, Emilson C. D. - In: Journal of public economics 77 (2000) 2, pp. 265-284
Persistent link: https://www.econbiz.de/10001483231
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The Dynamics of Inequality
Gabaix, Xavier - 2015
in top income inequality is driven by the rise of "superstar" entrepreneurs or managers …
Persistent link: https://www.econbiz.de/10013019120
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Top Incomes in Canada : Evidence from the Census
Lemieux, Thomas - 2015
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10013019500
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Wall Street and Main Street : What Contributes to the Rise in the Highest Incomes?
Rauh, Joshua D. - 2007
We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...
Persistent link: https://www.econbiz.de/10012776462
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Family Descent as a Signal of Managerial Quality : Evidence from Mutual Funds
Chuprinin, Oleg - 2016
We study the relation between mutual fund managers' family backgrounds and their professional performance. Using hand …-collected data from individual Census records on the wealth and income of managers' parents, we find that managers from poor families … deliver higher alphas than managers from rich families. This result is robust to alternative measures of fund performance …
Persistent link: https://www.econbiz.de/10012984776
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Shaped by Booms and Busts : How the Economy Impacts CEO Careers and Management Styles
Schoar, Antoinette - 2014
We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …
Persistent link: https://www.econbiz.de/10013067126
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The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares
Parker, Jonathan A. - 2010
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10013135402
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Wealth inequality and collective action
Bardhan, Pranab K.; Ghatak, Maitreesh; Karajvanov, … - In: Journal of public economics 91 (2007) 9, pp. 1843-1874
Persistent link: https://www.econbiz.de/10003605566
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Trading on Sunspots
Jovanovic, Boyan - 2015
In a model with multiple Pareto-ranked equilibria we add trade in assets that pay based on the realization of a sunspot. Asset trading restricts the equilibrium set in a way that raises welfare by eliminating equilibria with a high likelihood of disasters. When the probability of a disaster is...
Persistent link: https://www.econbiz.de/10013031016