This article makes several observations on the extent of executive compensation and the forms it takes, relating these to the recent literature. I argue that the magnitude of executive compensation seems excessive in light of a wide range of academic studies. I then propose specific regulatory...

This article makes several observations on the extent of executive compensation and the forms it takes, relating these to the recent literature. I argue that the magnitude of executive compensation seems excessive in light of a wide range of academic studies. I then propose specific regulatory...

This paper presents a framework that nests search and Walrasian-type models to study the evolution of stationary equilibria in the region between the two approaches. In our model unemployed workers can simultaneously approach n firms every period. We regard n as a proxy for information...

This paper presents a framework that nests search and Walrasian-type models to study the evolution of stationary equilibria in the region between the two approaches. In our model unemployed workers can simultaneously approach n firms every period. We regard n as a proxy for information...