Showing 1 - 10 of 2,654
introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When … reward, which is in stark contrast to the existing literature. Such allocation eliminates the advantage of the stronger …
Persistent link: https://www.econbiz.de/10014240459
Persistent link: https://www.econbiz.de/10011771556
introduction of multi-dimensional rewards. We characterize the optimal prize allocation that maximizes aggregate effort. When … reward. This is in stark contrast to the existing literature. Such allocation eliminates the advantage of the stronger …
Persistent link: https://www.econbiz.de/10013212096
In this paper, we discuss a manager's allocation problem. Two managers allocate their heterogeneous employees - each … two period model. There are three possibilities of groups' constellation depending on manager's allocation decision …
Persistent link: https://www.econbiz.de/10012728989
Persistent link: https://www.econbiz.de/10014472264
This paper uses a unified treatment of real options and game theory to examine value appropriation in takeovers within a competitive environment of imperfect information. The integrated model considers a potential target as a shared real option on a bundle of resources. Competing potential...
Persistent link: https://www.econbiz.de/10011337396
This study examines the relation between CEO tournament incentives, proxied by the difference between CEO pay and the median pay of the senior executives of a given firm, and corporate debt contracting. We find negative relations between CEO pay gap and the cost of debt and default risk, and a...
Persistent link: https://www.econbiz.de/10014235416
Persistent link: https://www.econbiz.de/10001537632
Persistent link: https://www.econbiz.de/10000918320
Persistent link: https://www.econbiz.de/10000873561