rebellion, and that this threat is rendered less effective by distance from the seat of political power. In established … ways: broader power sharing (associated with better governance) means that any rents have to be shared more broadly, hence …. We also show that isolated capitals are associated with less power sharing, a larger income premium enjoyed by capital …

where the survival of the system is at stake; that is, at its core. Here, power becomes salient. This helps explain why …

representation (PR), was the desire of the Conservative and Liberal parties to come up with a way of credibly dividing power to avoid … problem with majoritarian electoral institutions was that they did not allocate power in a way which matched the support of … with the rising support for socialism and the desire to divide power more broadly. Our findings shed new light on the …

should err in favour of the arrangement that is less favourable to managers. Such an approach, we show, would make it most …

This Paper provides an overview of the main theoretical elements and empirical underpinnings of a ‘managerial power … instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in …

We provide evidence on the match between firms, managers and incentives using a new survey designed for this purpose … managers are heterogeneous. Following the sources of heterogeneity observed in the data, we assume that firms differ by … than non-family firms. Managers differ in their degree of risk aversion and talent. The entry of firms and managers, the …

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

based on a matching procedure. Only 7% of top-level Czech managers are women and their wages are about 20 percent lower even …